Canuc Resources Inc. Message Board

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Gold/Mining/Energy : Canuc Resources Inc.

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To: Ron Schier who wrote (161)	8/21/1997 9:04:00 PM
From: Winzer	of 176

Excellent article from the Citizen. I have a lot of faith in the stuff he says. To answer your question(s) I'm not professing to be a gold expert either; but it only makes sense that banks ask the mines to provide a cash flow scenario where there is a win/win situation. Thus at low gold prices if the mines could hedge it could impact positively on profitability. But the situation at hand (being Canuc investors/potential shareholders), provided that all the hoops as "clearly" stated in the JV agreement are successfully negotiated and we do have a mine in production (~ 5 years out) with Placer being majority owner they will be using their might to negotiate some excellent forward sales. And the Canuc shareholders who can hold on till then should be handsomely rewarded. I think Canuc will have to sell more shares to finance their final property aquisitions. Meanwhile back in the real world; todays action on Canuc and NFM (both up by 4 cents) is too much of a coincedence in a poor market like this. Check the Charts on Stockwatch and draw your own conclusions! Cheers Winzer

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