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Gold/Mining/Energy : Cardero Resources (CDU.V) -- Ignore unavailable to you. Want to Upgrade?

To: crustyoldprospector who wrote (153)	7/22/2003 1:18:38 PM
From: Valuepro	Respond to of 217

Crusty, from the PR, "Drill hole 22 was drilled on the same east-west section which includes holes 4, 5 and 6. The four holes on the section give an average grade of 155.5 g/t silver over an average conglomerate thickness of 28.7 meters and an east-west width of 65 meters." That's $20-$25 rock at the surface. I don't know if that's the start of a mine, or not, but it certainly does not mark the end of the story. Besides, now that they are getting a better handle on what they are doing, September is likely to bring far better results.

To: crustyoldprospector who wrote (153)	7/22/2003 1:27:25 PM
From: Jim Willie CB	Respond to of 217

from what I can see, one possible high grade area with lower tonnage and one lower grade area with much larger tonnage I dont believe Corner Bay had results much different from this and they were acquired for C$250M / jim

To: crustyoldprospector who wrote (153)	7/22/2003 2:45:12 PM
From: Proud Deplorable	Read Replies (1) \| Respond to of 217

"They were testing different drill techniques at what was virtually the same spot on the map" Did they try the new silver plated drills ? Amazing what heat can do to them. Correction...2 good holes and now the hypers will come out of one of them, I figure. A story like this never goes away, it only becomes like Crystallex, frought with controversy and a trading op. Dr Apel says it is obvious that this is a case of human error but that leaves a lot for speculation in itself. Would be great if it works out but it can't for me, I'm out unless there is a compelling reason for me not to be. It will be interesting to hear more comments from other geologists too. I'm sure EC will be running out to fill his smelly boots LOL. ValuePro, what effect do you think this might have on IMR even though they are on opposite ends of the country? So far IMR is unmoved, so I guess none. ralphie