Hi Guys.. I am glad to see some life out there.. I Send a bunch of information to The Investors GURU last friday.. I am still waiting for his opinion .. We are .10 up today and I was chequing the short position for CVR .. Only one short for 800 shares. I suppose this mean that every one who know about CVR expect the price to go up .. no down
Hang in there and load up on weakness.. I spoke to the IR last week he said... We are working on it and we need just a bit more time.. We are still talking to the MAJOR for a possible JV. Also he said and I quote" We should be trading at $ 8.00 right now, Just hang in there and we will make you extremely happy" Here I am posting the last news releases. As the Investors GURU said "The Profits be with you"
Consolidated Viscount Resources Ltd CVR
Shares issued 3,700,554 Nov 7 close $2.40
Fri 8 Nov 96 News Release
See Guardian Enterprises Ltd (GUD) News Release
Mr Leonard Harris reports
Development work is almost completed and the mill has been primed to begin
production of the gold/silver deposit on the Las Coloradas concession,
Durango, Mexico. An earlier scheduled start of production was impossible
due to heavy rains.
The Las Coloradas concession consists of 12,000 acres hosting a 5km long
shear zone, approximately 2.5 metres wide with an indicated depth of at
least 700 metres. High grade vertical ore shoots occur along the shear.
Thirteen mines were operating in the period from 1938 to 1940 along the 5km
structure until a major accident on the El Hogar mine virtually terminated
all activity. El Hogar records show production grades as high as 2.96 oz
gold and 18 kg silver per ton.
Five old mines have been reopened and adits driven to reach ore shoots.
These include the Santa Anita, Contrabando, Piedra Bola and Escandalo adits
and the Confital shaft, near the site of the former El Hogar shaft. The
Confital shaft will be excavated to a total depth of 170 metres and is
currently down 100 metres.
Water and power lines have been extended to the Confital shaft site. Access
roads have been built and graveled, along with concrete drainage systems
and retaining walls to ensure year round use.
Ore has been encountered in the four adits and is being stockpiled at the
mill site for easy access. A recent ore shoot encountered in the Santa
Anita adit graded 16 g/t gold and 1,147 g/t silver over 2.5 metres in the
face as well as 2 g/t gold and 160 g/t silver in the wall. This ore shoot
is 50 ft long on strike and at least 130 ft above the adit floor. Several
hundred tons of lower grade ore has been removed from the Contrabando adit
and stockpiled. This ore grades 6 g/t gold and 360 g/t silver over 1.5 to 2
metres, even though the actual working face has not yet been reached. The
100 ton per day mill has been upgraded to operate continuously at full
capacity.
Consolidated Viscount Resources and Guardian Enterprises, associate
partners, jointly own 31.85% interest in Las Coloradas with an option to
increase this to 57.35%.
(c) Copyright 1996 Canjex Publishing Ltd. canada-stockwatch.com
My Personal conclusion is that considering the number of shares outstanding this mine alone is worth the current price of the stock.
Good Luck to all
Leandro |
