Silicon Investor (SI) -- The First Internet Community

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 : Cadre Resources (CSL.V) Awaiting production #'s and Financ -- Ignore unavailable to you. Want to Upgrade?

To: Spiney who wrote (564)	6/8/1999 10:44:00 AM
From: Francis R. Biscan Jr.	Respond to of 1285

Morning Spiney, >>Could you bring me up to date with some of those #'s?<< Just stopped home for a minute and have to run out right away, but I'll post this afternoon when I return. Have a good day, Rich

To: Spiney who wrote (564)	6/8/1999 7:19:00 PM
From: Francis R. Biscan Jr.	Read Replies (2) \| Respond to of 1285

Hi Spiney, >>Could you bring me up to date with some of those #'s?<< First, for those who are newer to this thread. The numbers being used hear are from limited sampling and estimates. Also costs are derived from estimates from various sources. Although these numbers seem unbelievable, I believe they closely represent the potential of the project. I would expect that a large bulk sampling would be undertaken, if Teck and Martin Marrietta proceed, which will better refine these numbers. With that said, I have tried to use the low side of grades and values and the high side of costs. Still the numbers are remarkable. Rather then go through each year, I will use the cash flow numbers from the second year, which is based on 5,625,000 meters of production. The cash flow from the project works out to $64,644,104 U.S. or $10.77 U.S. per share, based on 6 million shares FD. Of course there will be either share or project dilution if a JV is undertaken. This is using $200.00 Gold, but the project is very profitable even without a gold aspect. Rich