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Gold/Mining/Energy : Precious and Base Metal Investing -- Ignore unavailable to you. Want to Upgrade?

To: loantech who wrote (11136)	5/20/2003 11:39:14 AM
From: russwinter	Read Replies (1) \| Respond to of 39344

<But overall I think they plan to do the build out themselves.> CBD has a fine deposit, and on the face of it should be a great situation. The problem is they have a $2.35 stock, and developing mines is an expensive proposition when you have a currency that is perpetually undervalued. Borrowing money for mine development might also be problematic and high risk. Not to just pick on Kerry (because it's endemic to this industry), but other than just hope, how does his approach monetize your investment in a manner that makes you money? My opinion: the approach he has indicated to you, won't work at least for CBD shareholders (and that's who counts in my book). He needs to get out of his "box".