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Gold/Mining/Energy : Corriente Resources V.CTQ Junior Exploration Co. -- Ignore unavailable to you. Want to Upgrade?

To: jerry janko who wrote (1368)	5/2/2000 11:53:00 PM
From: WillC	Respond to of 1416

Let's see if I can get a response on this forum. After spending a little time with the assays and the press release the following is my bullish assessment: The first set of assays released by David Lowell, in my opinion, is as good as we can expect from 2,300 metres of drilling. Remember it took over 100,000 metres to prove up Escondida. To establish this much information from this limited amount of drilling takes someone of Mr. Lowell?s genius. There are several positives that can be inferred from these results. Since I am a bull on this play, I?ll be emphasizing the positives through answering five questions. The only negative I can think of at this point is that many shareholders may not be able to understand the implications of this play and may be convinced by those they trust (brokers) to sell. Point One: Where do the holes end? Where you see (end) it means that the hole ended there and this means that the ore body continued if the drill had gone deeper. These are very important to consider. All of the holes ended in mineralization, which means that the deposit continues at depth. Two of the holes 5 and 15 ended in 1.38 percent copper and 1.3 percent copper (with the moly credit factored in) and these could continue much further. Considering the fact that some companies consider .4% still worth mining you can see that most of the assays with the moly credit factored in, come in well above that. Hole 13, 14 and 16 should probably be ignored, as they did not hit the main ore body. Point Two: Does the Field Extend? David Lowell feels that the field extends to the south and west. In looking at the map it is clear that holes 3, 7, and 15 head right into the main anomaly. As these are spaced at 100 metre intervals, the possibility of continuing into this 1% copper to a depth below the 155 metres as indicated by hole 15 is very real and likely. Point Three: Are there other fields? Yes. There are three 1 kilometre by 500 metre targets altogether although they don?t show completely on this map. I?m not sure of where these are located as the red molybdenum map is a little confusing as it is not necessarily meant to show where the copper anomalies are situated. Hole 11 and 12 for instance show returns of over 1% and may be considered a separate target. Point Four: What does Mr. Lowell think after all this time and work? His statement was more than I expected. David Lowell has a reputation to maintain. After all the surveying, channel sampling and other preliminary work he and a crew of 40 have done on the rest of the property he says, ? there is a reasonable chance that the Corriente Copper Belt may ultimately become one of the world?s significant copper districts.? The rest of his statement is equally encouraging. Point Five: What is the downside of this particular site? If this site isn?t considered to be large enough for Billiton, the downside is that CTQ ends up with 70% of a mine that could easily be two or three times as large as the Quebrada Blanca (75 million tonnes at 1.2%) for which Aur resources paid $US344.2 for 76.5%. I have no idea what the market will do tomorrow. That has never mattered to me. What matters is that they find a viable deposit and prove up as many other deposits over the course of the next 6-8 months so that they will be bought out. I feel that this will be enough for analysts to begin endorsing the project and for the larger funds to start taking an interest. In two weeks we should have some preliminary news on Chancho. Chancho, I believe, is Mr. Lowell?s favourite target, the one he has been waiting to get at. It couldn?t be drilled first as it was part of the land extension just signed. I hope this is of some use and I hope others can offer their opinions on these results as well. Will

To: jerry janko who wrote (1368)	5/2/2000 11:53:00 PM
From: Flapdoodl	Read Replies (2) \| Respond to of 1416

My Take, First of all, The absolute last thing you do is sell. If you own this stock at this point, you have made the decision to stay or bailout already. Ignore the Baby Bear and his sourgrapes after he bought at 18 and sold at .49. The problem is with selling at this point is that even if you want to get out, you will be smoked at the opening. We all know the opening will be less than 2 Canadian, but there is no sense in selling market orders. If you sellers are that naive, rest assured someone like me will pick them up and daytrade them and make money you could have. That is the simple play for simple analysis. Now........ The problem we have is the same one Willc has pointed out. What do the majors think? There is enough here to spark much interest and the "blue" sky is copper-blue-green. Given the potential of all the other sections, it is actually a much safer play than now since we do know there is a significant amount of copper. My "specialty" is market psychological analysis and This may be a daytraders delight, but I am tucking my shares away for safe keeping and sticking with CIEN, INKT, BEAS, TERN OMKT, etc for trading. ------Flap