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Gold/Mining/Energy : Cadre Resources (CSL.V) Awaiting production #'s and Financ
CSL 295.41-2.7%Nov 20 4:00 PM EST
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To: TrueScouse who wrote (522)10/5/1998 11:56:00 AM
From: Clifford A. Brown  Read Replies (2) of 1285
 
Howard,
I spoke at length with Page Chilcott, CSL President, last week. To summarize our conversation: Page indicated that major investors were being actively pursued. There are presently 5 groups showing serious interest. 2 of these have made on-site visits at their own expense. One investor would like 100% of the project but has limited resources, another has experience with alluvial projects and would bring in heavy equipment from another project. In addition, a group primarily interested in titanium has recently surfaced. Page is both personally and financially committed to this project.

And from another source: Stan Sander, Chairman and CEO, is actively involved and not pursuing any other projects.

I am as tired of waiting as anyone but this is a fundamentally sound project with proven resources and proven methods. One concession is presently being worked with outdated equipment yielding 24K ounces of gold per year.

Cliff Brown

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