Cross Lake Minerals CRN Message Board

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Gold/Mining/Energy : Cross Lake Minerals CRN

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To: Wilse who wrote (3440)	11/30/1998 9:41:00 PM
From: dean poets	Read Replies (2) of 3650

It's good to see CRN hit something, but if the "most encouraging & significant" hole only produced rock with aproximately $25 NSR(Net Smelter Return) over 40.5 meters, they are in trouble. It will probably cost $20.00 per tonne to mine it, because at a depth of almost 400 meters it doesn't look like it will be an open pit operation. I could be wrong, but @85 cents a share there are better juniors out there. Some of which are finding mineralization of $100-140 NSR. It is encouraging that drills are still turning, but if the stock is still trading near a dollar per share, I'd consider this a great selling opportunity! Especially considering they have only found 1 or 2 high grade holes to date out of about 70. This is only my opinion, and I'm open to other comments & criticism. Dean PS. I also wonder if the company isn't trying to decieve investors by showing gold in ppb. It will also be interesting to see if the hole is a true 40.5 meter thickness.

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