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Gold/Mining/Energy : CUMBERLAND RESOURCES (CBD) -- Ignore unavailable to you. Want to Upgrade?

To: stonecrop who wrote (300)	2/11/2003 11:12:47 PM
From: Sam	Respond to of 393

After about three bad days we got a toe hold again ,looking good ,what will happen the rest of the week is anybodies guess sam

To: stonecrop who wrote (300)	2/11/2003 11:17:13 PM
From: Claude Cormier	Read Replies (1) \| Respond to of 393

Kahluaa, I am also surprised by CBD not being closer to its 2002 high. Maybe the fact that Meliadine has seen no news in more than two years has to do with it. THis is good news that a new group is looking at buying WMC interest. Lets hope this deal does materialize. No matter what, it is a matter of time and slightly higher gold prices before CBD start to move much higher. The market just need to see that this rally will be sustained.

To: stonecrop who wrote (300)	4/10/2003 6:46:15 PM
From: stonecrop	Respond to of 393

Canaccord Capital - Daily Letter - Thursday, April 10, 2003 COMPANY UPDATES CUMBERLAND RESOURCES (CBD : TSX : C$2.42) - SPECULATIVE BUY - 12-MONTH TARGET PRICE: C$3.75 Graeme Currie Comment: Cumberland reports revised resource estimates for the Vault zone Cumberland has reported the first of what we expect will be several announcements regarding resource revisions for the Vault, North Portage, Connector and Third Portage zones on the company's 100% held Meadowbank gold project in Nunavut. The program, as we have previously commented, also identified a new zone, the Connector, which should allow for the unification of the Third Portage and North Portage pits into one larger pit. The first of the revisions was released yesterday. The Vault zone, on which previous estimates calculated total resources of 936,000 ounces, has climbed by about 20% to 1.15 million ounces. We anticipate that prior to mid May, revised estimates for the North Portage and Connector zones will be released. Third Portage figures could be available late in the quarter, though the company did indicate that there could be a delay in reporting revisions for this zone, as there was only nominal drilling at Third Portage in 2002 and there is additional feasibility stage drilling planned for this zone in the current quarter. We anticipate that with the Connector zone addition, the North and Third Portage pits will merge to one. Cumberland continues to provide, in our view, very low-cost exposure to a current net 4.1 million ounces of gold in situ. The shares remain a SPECULATIVE BUY. A target value of US$20.00/ounce, in the current gold price environment, is a reasonable minimum target. This would equate to a share price of about $3.75 inclusive of working capital.