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Gold/Mining/Energy : CORNUCOPIA RESOURCES CNP.t
CNP 39.00-0.9%Nov 6 3:59 PM EST

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To: Ross Mickey who wrote (18)1/2/1997 2:15:00 PM
From: Essam Hamza   of 336
 
Hi Ross,
Yes I did notice that. CNP tends to follow the lead of CNPGF. I'm not saying it's the exact same price after conversion, but if the Nasdaq listing goes down then the Toronto listing also does.

The difference in the rating is most likely due to the difference in volume and price changes of the two listings.

Gold is down quite a bit today hence the decrease in most gold stocks. I think the market is treating CNP as a gold producer and not an exploration company. This may change shortly.

What do you think of CNP's joint venture with Newmont on the Ivanhoe project in Nevada currently which currently has a proven reserve of 1.3 million ounces?

Carlin Resources (CLM.V) has moved up in the past 3 trading days from $0.84 to $1.04 ask $1.15 right now. Anyone know whats up? Good news should affect CNP accordingly I would assume.

Good Luck,

Essam.
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