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Gold/Mining/Energy : Chesapeake Gold (CKG.V) -- Ignore unavailable to you. Want to Upgrade?


To: Elizabeth Andrews who wrote (500)5/10/2003 1:42:00 AM
From: loantech  Read Replies (3) | Respond to of 7835
 
Elizabeth I love it when you get so negative on a stock. <g> Yeah it's not that compelling you usually don't buy into undrilled dirt. Hope stealth gets some richer grade than Kemess North for instance speaking of dirt. <g> I am betting on Randy not his current news releases.



To: Elizabeth Andrews who wrote (500)5/12/2003 11:01:07 AM
From: Claude Cormier  Read Replies (1) | Respond to of 7835
 
The two properties CKG has are now valued by the market at a bit less than US$25 millions. This may seems high as you say given we have not yet seen a single drill hole.

But I suggest that there these properties, especially La Curacacha, have very high odds of hosting a significant resource. The anmomaly on La Curacacha is simply very large with large oxidized zones sampled on both side of it. Furthermore, the zones are at different elevation 150 apart.

But what makes additional value with CKG is not only its talented management and exceptional exploration team and network on local geologists, but also the fact that they have a well managed big pile of cash that generates cash flows that is used for exploration expenses.

It is only a matter of time before Reifel and its people discover another econimic multi-million ounces deposit and add $100-$200 millions to CKG's market cap.

I see no match in the junior arena at this point in time. I even see a lot of other juniors with similar market caps but much less in terms of properties, people and cash.