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Gold/Mining/Energy : Cadre Resources (CSL.V) Awaiting production #'s and Financ -- Ignore unavailable to you. Want to Upgrade?

To: marcos who wrote (1202)	2/11/2005 7:20:21 PM
From: TrueScouse	Read Replies (1) \| Respond to of 1285

marcos (and Krikor): I've just taken a look at an older document that projects what the annual byproduct production might be at a rate of 10 million tons per year extracted from the Caroni. The figures are quite a shock! i.e. - Sand and Gravel: 8 to 10 million tons - Gold: 160,000 oz - Diamonds: 200,000 carats - Titanium concentrates: 100,000 tons Try working out the value of this yourselves at current prices! You end up with a gross profit well in excess of US$100 million per year and after-tax profit (cash flow) of about $60 million! So, suppose CSL gives up 20% of the project by jv'ing and dilutes to 20 million shares to help finance, you would get cash-flow per share of: $60 x 0.80 / 20 = US$2.40 = CDN$2.88 per share. In a hot market a mining share should be worth 20 x cash-flow, which leads to..... *$57.60 per share!!!!!!!* <vbg> Maybe my figures are all crap, but I have to say that this does give you an idea of the potential scale of this thing! i.e. We may be looking at a possible 100-bagger. Anyone who's not familiar with the CSL story should do their own DD. This is NOT a recommendation to buy CSL shares -- just MHO of the possibilities if the Caroni project does go through. Best regards, Howy

To: marcos who wrote (1202)	5/4/2005 5:32:12 PM
From: menanna	Read Replies (1) \| Respond to of 1285

Great News: Cadre Resources Ltd. P.O. Box 2297 Vancouver, B.C. CANADA V6B 3W5 Phone: (250) 447-6641 TSX Venture Exchange-CSL 12g-2(b):82-2911 NEWS RELEASE May 4, 2004 Stanley L. Sandner, Chairman & CEO, is pleased to announce the decision to proceed with the permitting of the first phase of the Bankable Feasibility Study (BFS) on the Company’s bajo Caroni Project. This first phase includes sub-bottom profiling and geophysical surveying over the Macagua reservoir. This decision is the result of considerable effort on behalf of the Company dealing with challenges over a protracted length of time. Favorable timing, renewed political stability, positive financial and commodity markets, environmentally friendly conditions, sustainable socio-economic needs and favorable project acceptance responses, prompted this timely decision to proceed with the BFS, subject to financing. The extensive Project investigations and preparations during the past months (and years) have clearly defined the procedure to allow the Project to become a reality. Utilizing the extensive technical and preliminary investigation work already completed, the completion of the BFS is expected to require a minimum time period at reduced cost. Initial test geophysical work has already begun with preliminary sub bottom profiling test work. A detailed area map covering the entire (24Km X 4 km) Macagua reservoir has been prepared as a guide for profiling and side scan sonar. The Company has engaged a local highly qualified professional and technical “team” with an excellent track record of approvals for major projects in the area. These people know Cadre’s bajo Caroni Project thoroughly and do NOT take on projects they feel will not win final production and tenure approval. They have indicated Cadre’s project is a major project with merit. Sub bottom profiling with side scan sonar tracked and plotted from a Global Positioning System (GPS) is expected to take approximately one month. This process will locate and cubicate the areas of greatest sand & gravel accumulations (deposits). That will be followed by “bulk” sampling of one or more 20-25 tons samples from each of the major deposits. These samples will be fully analyzed and evaluated for the maximum product and “added value” recoveries. Simultaneously with the material sampling and processing an updated Environmental Impact Assessment (EIA) and an up-to-date sustainable socio-economic study will be completed and presented to obtain necessary environmental production permits and approvals as part of the BFS to the Ministries concerned. Due to the extensive preliminary work already completed and submitted during the planning of the Bajo Caroni Project, which is to be updated by the affiliated professional and technical team, short term final approval for the Project is expected. CADRE RESOURCES LTD. Per: “Stanley L. Sandner”, CEO The statements made in this News Release may contain certain forward looking statements. Actual events or results may differ from the Company’s expectations. Certain risk factors may also affect the actual results achieved by the Company. The TSX Venture Exchange or any other regulatory authority has not reviewed, and does not accept, responsibility for the adequacy or accuracy of this news release.