Canabrava Diamond Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Canabrava Diamond

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: m.philli who wrote (1058)	4/9/1999 12:17:00 AM
From: Claude Cormier	Read Replies (1) of 2402

<<Of the $5 (current price of SWG), what amount $ would you attribute to their CNB holdings and what value to their cash position and other properties? >> SWG owns 60% of CNB or 20M shares. None of it is reflected in SWG stock price. Nada! Nothing! SWG has $30M cash. Or $2/share. SWG has 4M shares of Global Pacific worth qapprox $1.6M Also 230 properties in Peru, China, Chile... on which 26 joint ventures are signed with majors. Several gold properties optioned to Teck, Newmonth and others, have resources identified. Unfortunately, we don't have too much details as of today so it is hard to say these are worth $20M or $200M. We simply don't know as of today. None of this is reflected in SWG stock price. Nada! Nothing! What we do know about is the Accha Zinc project, a JV with Pasminco (the Cominco of Australia). So far a resource of 9M tons of 9% zinc has been identified. Pasminco people told me this is a top project for them and a major drill program will start this summer to expand and upgrade the resources. This will be like a 3-6 millions ounces gold deposit that can be mined at below $150/ounce. SWG has 50% (or 30% if carried to production). This is worth minimum a very conservative US$50M or C$5 per share. Probably $2.50 of this project is reflected in SWG stock price. Another big project on which we know something is the Hoaya gold project in China. I feel they have between 1.5M and 10M ounces there... a major drill program is just starting now. SWG has 56%. None of this is reflected in SWG stock price. Nada! Nothing! Read more on it at: gold-eagle.com That is why I just love SWG...and CNB. CC

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next