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Gold/Mining/Energy : Cusac Gold Mines (CUSIF)
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To: Chuca Marsh who wrote (189)11/24/1998 9:03:00 AM
From: richard badauskas  Read Replies (1) of 379
 
The future measured in terms of months, until next March, is that nothing will happen because of snow. So the stock will languish until Spring of next year. Then they will go back and process a few thousand ounces (probably for the year). There is no potential here (remember the so-called "jewel box" in the Michelle High Grade, what a dud)until a drilling program turns up something decent and I don't think Cusac has the money or the ability to perform in this area, if they do get lucky it won't happen until the middle/late of next year. (Off topic) My personal funds are in a stock called Geo2 web-site at aircommunications.net . This is a stock with real upside potential, they are developing "new-tech" minerals processing/environmental remediation technology for gold mining. Newmont is trialing some of the technology at Carlin Rain Mine and the Chinese authorities have signed several joint ventures which are already producing positive cash flow and growing rapidly. They are developing non-cyanide processing for gold and can oxidize sulphide ores in 2-3 hours at very low cost. They also have a "closed loop" (Newmont is testing) system which gets rid of settlement ponds and tanks at mining sites. This technology can be used to convert superfund sites with severe acid minewater contamination into cash-flow. If you are into high tech mining you should watch Geo2 carefully, see thread on SI for further info.
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