Colossal Resources - CLPZF - Colbalt in Zambia Message Board

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

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To: Adam Levar who wrote (102)	2/20/1997 1:12:00 AM
From: joseph schevenels	of 501

Adam This is the latest comment from the Investor Guru V.CLP Q.CLPZF Colossal Resources $6.40 We expect to release our Special Report on Colossal Resources this weekend. We have been watching Colossal's progress closely, as cobalt production and sales have begun and the third furnace is now in operation. Also, we have been watching for cobalt prices to stabilize and move up again. We first mentioned CLP in October at $10.50, when cobalt was around $US 25 per pound. We expected that cobalt, which was then making new highs, might pull back which could and did effect CLP's share price. Because of this, we delayed releasing our report and to also see how quickly production schedules were met on their Zambia cobalt slag project, worth about $US 2.5 billion at $US 25/lb. for cobalt. We now believe Colossal represents great fundamental value and a long term call on cobalt prices, which are again trending higher. Cobalt prices are volatile and surges due to shortages are not uncommon. Colossal claims to have the world's largest proven cobalt deposit and we are again bullish on the fundamentals of cobalt and Colossal Resources. 1- 800-298-0244 or 604-688-0044 email: info@colossal-cobalt.com website: colossal-cobalt.com Joe BTW the problem with VEC has probably done some harm to the share price of CLP,but i am 100% convinced that CLP and VEC are legitimate co's,and for having seen it happen before,VEC got "screwed" by the VSE.There is a new term for this "getting Vancouvered"!!!! Regards Joe

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