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Gold/Mining/Energy : Champion Resources - CHL.vse -- Ignore unavailable to you. Want to Upgrade?

To: DAVID BENNETT who wrote (62)	10/13/1999 4:57:00 PM
From: rdww	Respond to of 176

that is excellent news - now how about some drill info and a confirmation of the mining law and for kicks throw in an okay to the SA loan - and this should move up smartly.

To: DAVID BENNETT who wrote (62)	10/14/1999 11:10:00 AM
From: rdww	Read Replies (1) \| Respond to of 176

Cannacord made a note this AM in their morning coffee FWIW > CHAMPION RESOURCES ("CHL-V") has signed a definitive Memorandum of > Understanding with Grasim Industries Ltd. of New Delhi, India for the > annual sale of 750,000 metric tonnes of phosphate rock concentrate, > over a five (5) year term, at prevailing world prices. The product > will be produced and shipped from Champion's Farim Project site in > Guinea Bissau, West Africa. The sale to Grasim represents 50% of the > planned annual production of 1,500,000 metric tonnes at Farim. > Champion is currently negotiating with other major players in the > fertilizer business for additional off-take sales agreements for its > remaining production.