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Gold/Mining/Energy : Oil Sands and Related Stocks -- Ignore unavailable to you. Want to Upgrade?

To: Metacomet who wrote (10725)	6/16/2006 2:35:55 AM
From: Taikun	Respond to of 25575

<They lose 40% of their concession each year.> Initially I was worried about this but when I found out their mining claims (rights and not Alberta-style leases as Haitokin pointed out) were acquired for free, I realized that aside from opportunity cost they aren't losing much as long as they can flesh out some kind of resource on the most promising lands. Of course, some investors valuing them on their land package alone might be surprised to see the expiration rate. OTOH, when Sask unveils its new oil sands lease program, could CWPC's remaining claims be open to revaluation under the new pricing program? Or perhaps they wont have rights in the future.

To: Metacomet who wrote (10725)	6/19/2006 10:55:47 AM
From: candlestick98765	Read Replies (2) \| Respond to of 25575

Metacomet -- the two redemptions have left the company with 508,000 acres. That's it. There are no more redemptions. This land is now securely theirs. With their recent drilling program (plus the one currently on-going), that have met (and will more than met) the permitting requirements, so that one can more or less say that the 508,00 acres will now be held in perpetuity. If this is indeed the case, then the premise of your analysis is false, and your argument entirely invalid. I just got off the phone with IR, and this is what I was told. If you have different information, I'd like to have it sourced. TIA candles