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Gold/Mining/Energy : Canadian-under $3.00 Stock-Picking Challenge -- Ignore unavailable to you. Want to Upgrade?

To: Al Collard who wrote (7513)	3/29/2002 2:11:03 PM
From: Rocket Red	Respond to of 11802

Kaiser bullish about Shore Gold's Fort a la Corne play Shore Gold Inc SGF Shares issued 23,450,703 Mar 27 2002 close $.980 Thursday Mar 28 2002 In the News John Kaiser, writing in a March 27 Express, says the speed with which the market has embraced the story of Saskatchewan's Fort a la Corne diamond play compels him to modify the caution he urged recently on Shore Gold (85 cents on March 27). He now believes that the peculiar way Shore Gold has to date reported its mini-bulk results "will no longer be an obstacle to higher prices." Kensington's nearby project is carrying an implied project value of about $265-million -- two-thirds what Ashton Mining was sporting for its Kirkerk Lake, Buffalo Head and Otish plays at its peak in late January. This valuation is still below the $500-million to $1-billion range Mr. Kaiser believes the Fort a la Corne project can support if the upcoming results shrink the error margin of the $28 (U.S.) rock value for the No. 141 kimberlite without reducing the rock value by much. "We now have a situation where investors who a few days ago were content to wait on the sidelines until De Beers actually released updated modeled grade and value figures for kimberlite body #141 are now being stampeded into the market for fear of missing the boat," he writes. (c) Copyright 2002 Canjex Publishing Ltd. canada-stockwatch.com old url (better for printing) Detailed Quote SHORE GOLD INC