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Strategies & Market Trends : Winter in the Great White North -- Ignore unavailable to you. Want to Upgrade?

To: jazz_lover who wrote (7500)	4/25/2009 1:50:39 PM
From: teevee	Respond to of 8273

What do you make of the recent management changes? Will the majority focus now be South America? Consolidation means some people have to go. I believe the major focus or emphasis will be on copper-gold porphyry systems as they represent at least an order of magnitude larger asset class than gold deposits, and that may have negative implications for continuing on the Caballo Blanco? There is only one porphyry prospect in Canada that is early stage, so I expect it will receive some attention. It appears some of the south american projects are financed by the jv partner, JOGMEC. Other south american holdings will require some expenditures that will have to be incurred by CGH, unless they farm them out too, but I expect they would want to advance them before doing so. We shall soon find out, as it seems logical that Lundin will want to raise funds while copper is over $2.00. I expect CGH funded exploration program expenditures will be modest, considering the market environment at this time. A small financing of say $5 million at a $1.00 wouldn't be too dilutive, and a portion of any moneys targeted for Canada could be flow through at an even higher price. What ever happens, we shall soon find out. If not, I will just leave my CGH paper in the drawer for the medium to longer term as my cost base is low.