Cadre Resources (CSL.V) Awaiting production #'s and Financ Message Board

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Gold/Mining/Energy : Cadre Resources (CSL.V) Awaiting production #'s and Financ

CSL 318.48

+0.6%

Nov 7 4:00 PM EST

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To: marcos who wrote (1096)	2/9/2004 2:08:06 PM
From: menanna	Read Replies (2) of 1285

Hola marcos: < ... certainly Ms Market is not yet confident, and it's starting to feel stupid checking csl first each time i log on now> I know what you mean (... the feeling stupid). To keep the faith in " ... the permits are coming, ...the permits are coming ...>, every so often I go to their website to read and reread: By marketing the aggregate material, gold, diamonds and titanium sands, Cadre expects to realize pre-tax gross revenue in excess of US$10 per ton of material after production costs. With 6-7 dredges and 2-3 processing plants in operation, net revenue before tax is estimated at some US $100 million annually. Past government estimates indicate reserves on the lower Caroni are in the order of 500 million tons – sufficient to sustain production levels up to 10 million tons per year for some +50 years. Subsequent work has determined the actual reserve could be 3 to 4 times greater. Sounds good, doesn't it? Ciao Anna

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