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

To: TheBusDriver who wrote (992)	8/8/2002 3:47:00 PM
From: marcos	Respond to of 1285

Wouldn't be ships they'd haul in, it would be barges special-built for the purpose ... they're common now elsewhere, many of them self-dumping using conveyor systems and maybe a wheel loader on board for the corners ... of course if you self-powered one you could call it a ship i suppose, they usually say 'carriers' nowadays though Gravel under water like that should be cheap to handle if you set up an efficient system, which would be great chunks of capex certainly, but once done, and if engineered correctly, you should be able to hoover it up and blow it through a pipeline into a shore-based screen plant which would shunt off each sort into its crusher and/or loading bin or whatever, quite cheaply on a per-cubic-metre basis .... you wouldn't need a wash plant at the start, because you've got the river water coming with it, in whatever proportion you like [edit] - the dutch are past masters at this sort of thing .... i predict we'll see a dutch name show up at some point in the list of engineers involved .... anything to do with dredging, building breakwaters, dykes, etc - they've been in the business for centuries, started at home ... biggest shoreline modification company in the world is dutch, i forget the name, met a couple of their engineers once though, smart guys and they have impressive machinery The other big risk, a class of political risk, is the chance of a real or perceived damage to fish and/or other species .... silting downriver shouldn't be a problem, since you're hoovering up all the silt, not dredging with some kind of bucket system ..... but what if there's some rare kind of snail crawling around down there, or some fish that spawns only in that channel, or spends its juvenile life there

To: TheBusDriver who wrote (992)	8/8/2002 4:39:12 PM
From: TrueScouse	Read Replies (2) \| Respond to of 1285

Hi Wayne: PLEASE don't buy any more CSL! Can't afford any negative signals at a delicate time like this! <vbg> I'm actually very pleased to hear about the involvement of Seabulk. Some of their projects and customized solutions look really innovative. Check out the website at: seabulk.com They've also been involved in Venezuela, developing an aluminum plant. And they must be really well connected internationally in terms of financing and future marketing, given the range and scale of their projects. This can only help. Regarding the political risk, personally I think it works in CSL's favour at the moment. Chavez must be desperate to put some new projects in place, with international financing attached -- to improve his image abroad and to strengthen his political image at home. So that might speed up the permitting. BWDIK! Only that I've still got a sh**load of shares from the old days and I DESERVE to get rich on this one for God's sake!! :^) Best regards, Howy