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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?

To: Proud Deplorable who wrote (48645)	9/6/2007 11:12:18 AM
From: Claude Cormier	Read Replies (1) \| Respond to of 78421

I agree with all you say. Let me be more clear and correct my statement. I wanted to say that CPN in not valued where it should be, not because because of Romania per se, but because of the saga GBU has been for the past several years. Although CPN is not, as far as I know, in a similar situation, investors are probably hesitant.

To: Proud Deplorable who wrote (48645)	9/6/2007 3:20:10 PM
From: E. Charters	Read Replies (1) \| Respond to of 78421

I think I have access to larger gold resources than at ARU right here in Canada. Certainly larger total dollar figures in polymet as well. ARU is probably only 300 feet by 1000 feet by 750 feet deep of perhaps 4 grams. Despite the rhetoric we hear, I believe that is only 2.4 million ounces. That is the reality. I can get 30 million tons of 4.98 grams and 55 million tons of 6.2 grams in Ontario. And that is just for starters. That is 14.25 million ounces. And it could be mined for perhaps for between 315 to 390 dollars an ounce CDN. Of course it would cost a few shekels, but it's there and mineable. And proven. Development cost would be in the region of 300 million for those two, plant and underground. Maybe done for a lot less. Figure 2 dollars a ton, if you keep it really lean and mean. There are 80 deposits of gold in Ontario not being mined. I estimate we could mine 15 of them within 5 years and each of them would be north of one million ounces. Add in the top 4 and we have over 30 million ounces. No problem. Want to mine sulfides? I can get 10 billion in viable sulfides at north of 200 dollars per ton contained metal in situ right now. All mineable at today's prices. And I don't have to drive more than 500 miles from Toronto to get it. But you have to know what you are doing. And just to get these properties you would have to capitalize a 5 million dollar company out of the box. EC<:-}