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Gold/Mining/Energy : Colossal Resources - CLPZF - Colbalt in Zambia

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To: Tom McIlwain who wrote (66)1/29/1997 10:13:00 PM
From: Adam Levar   of 501
 
Tom:

First of all, thanks for the informative post. I find it interesting
that the Cobalt purity is not very high. Although I am layman when it comes to any of the processes necessary for extraction, given the relatively high content of Cobalt in the slag, I assumed it would be no problem.

I am glad to here that they are going to use the debenture financing to start a new project. Hopefully, it will attract some speculative
investors and firm up the share price.

It seems impossible not to attribute the weak price to the VEC situation. I am patiently waiting for full production, but I will hold for a while. Do you have any idea what the lead time is usually on this type of implementation?

Regards,
Adam.
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