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Gold/Mining/Energy : CORNUCOPIA RESOURCES CNP.t
CNP 38.88+0.3%Nov 5 3:59 PM EST

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To: Ed McGrane who wrote (247)11/3/1998 8:50:00 PM
From: Steve Hegji  Read Replies (1) of 336
 
Ed:

I sure wish I had your net share cost. Lucky puff.

I think that when the POG turns around, you'll see the "producers" rise first (like NEM). Then, if some measure of gold fever follows, it would affect the exploration companies - like Great Basin Gold.

I say Great Basin because as best I can tell, all that Cornucopia is doing right now is trying to survive long enough to insure that they can keep their 25% of the Ivanhoe stuff. Great Basin has the other 75% I think.

What we should hope for is that the results from Ivanhoe drilling indicate a large reserve (assets) at high concentrations (low mining costs). If that happens, then the POG will be less of an issue and we could see some good movement in CNPGF. From my point of view, I'd sure like to see Great Basin decide that they want to own 100% of Ivanhoe and buy Cornucopia - lock, stock, and drill.
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