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Gold/Mining/Energy : Chesapeake Gold (CKG.V) -- Ignore unavailable to you. Want to Upgrade?

To: Amark$p who wrote (1460)	1/14/2008 10:53:55 PM
From: Claude Cormier	Respond to of 7833

A reserve has to be economic. Also a resource can be N43-101. So there is no doubt CKG will eventually have a N43-101 resource. NOt sure yet about a reserve.

To: Amark$p who wrote (1460)	1/15/2008 11:37:52 AM
From: TrueScouse	Read Replies (1) \| Respond to of 7833

amarksp00: <<The majors often get valued on P&P/M&I reserves at over $125 per oz, and Metates is an easy way to boost your reserves by 30 million ounces gold equivalent = $3 Billion. So a major can pay CKG $50 or more per oz. and this major will likely get these same ounces re-rated at $125 per oz.>> On the FGX takeover, RR did a great deal, so I would hope that eventually he gets more than $50 per oz, especially if POG goes over $1,000. With such a low float, the math is very attractive. <g> And I think there's a good chance he'll keep the float low by raising exploration funds through the JVs or sale of other properties. I'd be interested in CC's take on this... Claude -- Do you think RR is going to have to issue more stock to do all the drilling that's needed on Metates? Best regards, Howy