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Gold/Mining/Energy : Champion Resources - CHL.vse
CHL 27.510.0%Sep 27 5:00 PM EST

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To: T.Bill who wrote (24)12/10/1998 11:01:00 AM
From: rdww   of 176
 
were they granted finally last week or were they newly announced options ? The deal w/ the SA has been on the works for 2-3 mths - and the excitement about the deal has been in the Van office for 2-3 wks now. Never like to see options coming that close to the 'kick off' day of a NR - but w/o incentive - these guys get what? Salaries are not what everyone is working there for - it's the potential of the options.

That said - this is another part of the Lundin group - I am surprised to see that they want to take this project to production.They already have Tenke + Int Curator looking for production deals and now Argentia Gold is in play for a takeout. I hope that the loans are being setup so that all the details are done for a producer to walk in and say - thanks - here's a big cheque for setting this all up for us! Lundins gotta need the cash not the cash flow soon for their other projects.
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