Micro-Fine Gold Plays - Franklin Lake, etc. Message Board

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Gold/Mining/Energy : Micro-Fine Gold Plays - Franklin Lake, etc.

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To: Matt C. Austin who wrote (442)	2/17/1997 3:29:00 AM
From: C L	of 615

Matt, CNA has done an end run around the Alberta exchange in the way they have structured the selling of their ore (per recent news release). The ASE did a job on Naxos and has KGD too scared to give out any grade numbers on their Johnson Valley property. Very sharp thinking on CNA's part and the only fault I find with it is that they can't give any numbers in the future to prove up the property. Mining companies are valued by the amount of metals in the ground. Barry Downs and the group traveling with him spoke to the company management very recently about visiting the AZ or NV property and were flatly turned down. I have never heard of a mining company that turned away newsletter writers, analysts, and brokers. Downs et al: stand ready to take in a lot of paper on any of the 'desert mineralization' companies that they like. Could you ask management why they acted like that??? I don't believe they acted in the present stock holder's best interest. C L

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