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Gold/Mining/Energy : Gold and Silver Mining Stocks -- Ignore unavailable to you. Want to Upgrade?

To: marcos who wrote (934)	5/4/2001 4:37:02 PM
From: Gord Bolton	Read Replies (1) \| Respond to of 4051

Re: CRJ and Nesbitt dumping. Got to love the penny stocks. One month someone wants in and next month someone else wants out. Could be someone was expecting a big core from the four deep holes and was disappointed. The four holes completed on Madsen were intended to cut across the entire structure and provide background geological info. When they want to target the high grade stuff, they know where to find it. It has been drilled before. The eight holes in progress at the moment will provide an outline of the high grade area and depending on the potential defined, Placer will proceed from there. Either we have a monster which Placer will develop or CRJ has a great deal of expensive work done and they will proceed on their own to develop what is there. I doubt that we have negative leaks from the program. Placer could have pulled the pin after the four stratografic holes. They didn't. Back to Nesbitt. Some division of BOM is the subject of a lawsuit initiated by CRJ regarding the administration of certain oil and gas royalties. The amount in dispute is roughly equivalent to the present market cap of CRJ. It is my understanding that CRJ has acheived the upper hand in the preliminaries. I would not expect Nesbitt to be providing any sort of support for CRJ at the moment. It would be rather foolish for them to be shorting CRJ but sometimes there is no accounting for what goes on. Incidently Urivan UVN.V is looking for money to drill some more holes in Rottenstone this spring looking for high grade PMs. (CRJ royalty agreement in place) And Shore Gold will be doing some bulk sampling on the gigantic Star Kimberlite. CRJ has an interest in Shore Gold. A few good hits on Madsen and Rottenstone along with developments at Fort a La Corne and in the courts could put CRJ shares in demand. And of course the POG is creeping up.