Caussa Capital (formerly Antares) T.CAU Message Board

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Gold/Mining/Energy : Caussa Capital (formerly Antares) T.CAU

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To: JD who wrote (2069)	1/2/1998 4:05:00 PM
From: Donald F. DeKold	Read Replies (1) of 4718

JD, recent numbers on borate products show the high end of the range, US$350 for unrefined and US$750 for refined seems to be the prevailing current market value. Actually the JV is great news for both companies...think of the cash vs. resource synergy as being a motherlode of opportunity for each company. Antares has the backing of the Standard Bank of South Africa and Erin has excellent contacts in Eastern Europe. A rule of thumb one can use to estimate the value of the Serbian borate deposit is that one ton of borate ore is equivalent to one ounce of gold. Don DeKold

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