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Strategies & Market Trends : Ride the Tiger with CD -- Ignore unavailable to you. Want to Upgrade?


To: maxncompany who wrote (111560)4/15/2008 2:42:03 PM
From: E. Charters  Read Replies (1) | Respond to of 312987
 
Standard market yawn. Takes a while for results to reverberate in this market, as its bottom appears to be a deep sponge floating on a toxic tar pit.. Ain't nothing bouncing.

What is the deal on CSI? Where do they end up at the end of the day with this? Pt-Au sounds unusual. Brazil is a bit scary. Haven't seen anything out of there in market plays that gets anywhere down the medium term road even.



To: maxncompany who wrote (111560)4/15/2008 7:27:21 PM
From: robnhood  Read Replies (1) | Respond to of 312987
 
Junior golds are acting just terrible IMO. All of them. CPQ had good results the other day and they smashed it down. There seems to be an endless supply of PP paper that wants out, and any news that brings in some buying is pounced on.



To: maxncompany who wrote (111560)4/16/2008 8:01:50 AM
From: que seria  Respond to of 312987
 
Maxncompany: As I read the NRs, those are historic drill cores being assayed by CSI, not new drill results (at least, not the spectacular ones). Stockwatch has used misleading captions implying CSI is reporting its drilling, but the body of the NR makes clear it isn't. Must be the same Stockwatch caption artist who periodically slaps wonderful grades of au in a caption, leading to disappointment when you read the NR and see the grade is for ag.

CSI market cap is not exactly small for a new company touting historic drill core assays next to the pit in a mine that has been worked for a while. I suspect most speculators ask: If it was is prospective, why didn't the prior owners, who knew a thing or two about mining, add production to an existing mill or plant by excavating this adjacent mineralization indicated by cores they pulled? I know the POG is far higher, owners change, etc., but to me the usual Q is size. I also have to wonder if the garimpeiros will go quietly after CSI earn-in.

Ore extensions may prove abundant and I'll wish I'd bought, but in my experience most of these mining exttension plays don't fly far after the initial touting of remaining ore next to mined-out ore. Lot of price run-up during what is just a due diligence look-and-poke period! Hope it makes you rich if you bought; one or two of them will do it for somebody.



To: maxncompany who wrote (111560)4/16/2008 9:39:37 AM
From: roymario  Respond to of 312987
 
Good question that I can't answer well.
Market jitters
New listing on TSE
Currently they are re-assaying historical drill cores.
No new drills yet,
therefore a new start on development of one of the largest
historic gold rush areas in Brazil.

The pluses are:
money available for devolopment
inexpensive re-assay to determine better where to drill
railroad and port in place to ship
indications that high quality assays exist around the original pit area and under it.

There is good information on their site.

R