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Gold/Mining/Energy : CORNUCOPIA RESOURCES CNP.t

CNP 39.23

+0.6%

3:26 PM EST

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To: Shirley Owen who wrote (50)	1/14/1997 2:06:00 PM
From: Essam Hamza	of 336

Shirley/Ron/ALL: The just arrived Hard Rock Analyst by David Coffin has again rated Cornucopia a buy stating in a full page review: "the current net market capitalisation of $30 million undervalues the production scenario at Mineral Ridge and places no value whatsoever on the company's other holdings. We expect to see the price of CNP rise as the production date at Mineral Ridge nears and the company pursues further exploration at both Mineral Ridge and Ivanhoe." He goes on to state that he feels that the feasibility study on Mineral Ridge is "quite conservative". Also refreshes our memory that following this study last year, "CNP completed a Special Warrent financing of 6.1MM units at $2.00 during the summer of 1996". Expects reserves at Mineral Ridge to increase to 500,000 from the current 350,000 proven. Also owns 4MM Carlin Resources which the HRA also rates a buy in this issue (another page layout). Also possible upcoming news of acquisitions in Africa. There is much more info on CNP and CLM in this and previous issues. I would recommend anyone interested to contact the newsletter for a subscription. Sample issues available @ h-r-a.com Phone# (604)681-3234 Fax# (604)681-3936 Good Luck, Essam.

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