CUMBERLAND RESOURCES (CBD) Message Board

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Gold/Mining/Energy : CUMBERLAND RESOURCES (CBD)

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To: Stallion who wrote (4)	2/9/1998 11:07:00 PM
From: Claude Cormier	Read Replies (2) of 393

<< This stock will be $8 in a year. If it is under $4, WMC will buy them out. >> I dunno if it will be $8...but it will be up for sure... Scoping study out today on Meadowbank... Wow this will be a big winner. Capital cost close to $100M to produce 120,000 ounces a year at a total cash costs of $US156 making of it one of the lowest cost mine in Canada...and they have a lot more to drill. Potential is for multi-million ounces...and that is only 50% of their biz. Western mining may eventually buy them out once they know how many millions ounces they have exactly at Medialine. Exploration will resume this spring at Meadowbank...get ready for more action. Time to accumulate. CC

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