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

To: Condor who wrote (32586)	11/22/2004 12:09:44 PM
From: Salt'n'Peppa	Read Replies (3) \| Respond to of 39344

Anyone looking at Lateegra (LEG.TSX-V)? I think I may have found a gem and would be most interested in various opinions. www.lateegra.com Lateegra has several gold projects in British Columbia and just bought a very prospective uranium property in Peru. ca.finance.yahoo.com LEG has a 1 year trading range of 10c to 36c. Currently sitting at 13-14c, close to the 104 week low. Looking at what a couple of their competitors have done recently: NCR.V bought a uranium prospect in Saskatchewan. Stock has gone from 9c to 75c. ABN.V bought a uranium prospect in Labrador. Stock went from 7c to 30c. CVV.V bought a uranium property in Saskatchewan. Stock went from 10c to 40c. UEX.V bought 13 uranium properties in Saskatchewan. Stock went from 10c to $2.75. STM.V is continually buying uranium properties. Stock has gone from 10c to $2.70. LEG also has some encouraging results from several BC gold properties all located near the town of Stewart. Why they are so unknown is a mystery to me. At their Del Norte property, values such as: 102 ft grading 5.61 oz/ton silver & 0.104 oz/ton gold 108 ft grading 5.22 oz/ton silver & 0.134 oz/ton gold 77 ft grading 9.09 oz/ton silver & 0.223 oz/ton gold 7.7 ft grading 28.96 oz/ton silver & 0.24 oz/ton gold 4.5 ft grading 27.56 oz/ton silver & 1.05 oz/ton gold 3.6 ft grading 76.41 oz/ton silver & 0.416 oz/ton gold LEG also own 70% share in a gold mine in Henan Province, China. From the website: "The Jinjishan (Golden Pheasant Mountain) property is located in the southern part of the East Yaoshan mountain, in the territory of Louning County of Henan Province, China. The Jinjishan property consists of 30.8 square kilometers, of which 2.8 square kilometers are under mining development and 28.0 square kilometers are under geological survey and exploration. There are 6 gold deposit zones on the property: the Jinjishan Zone, the Zhuyuanmao Zone, the Houyao Zone, the Jindonggou Zone, the Miaozihe Zone and the Qianhe Zone. Among the 6 mineralized zones, the Miaozihe Zone is the primary zone where the company is currently focusing on for production. The remaining 5 mineralized zones are all within the scope of gold exploration permit. There are eight veins that have been identified and sampled with trenches, pits and near-surface tunnels, with this sampling data a potential mineral resource has been estimated and is summarized in the table below." I would be very interested if someone could look at LEG and their properties and explain to me why this one trades at 13 cents. They only have 33MM shares outstanding & 50MM fully diluted. The 9MM warrants & options are currently out of the money, which makes purchasing at this price even more attractive to me. Que pasa? S&P