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

To: ogi who wrote (174553)	9/13/2009 10:29:12 PM
From: Threshold	2 Recommendations Read Replies (1) \| Respond to of 314005

You are welcome. Too bad the situation with Condor is not better. At least they are being realistic about the work the last bunch did on the property. They have not made a final decision on what to do with Condor and the numerous deposits on the property. It is in a highly prospective area if you look at the map of other deposits under development in the area. The market is giving nothing in terms of valuation for the property at present though. They just feel there is much more upside drilling next to FDN, and as one of the "chosen" half dozen or so companies down there that retained their concessions and continued to build relationships, they plan to aquire more properties in the near future. I did ask them about promo plans and they said they were going to keep their mouths closed until they had permits for RZ and/or a loan/debt financing from a Brazilian bank to start constructing the upgrading plant for the manganese stockpiles. They were off to Germany and Switzerland (Geneva, Zurich and Berlin if i remember correctly) to setup a European promo and already had a group setup for North America. It would be great to see Kinross get their drill permits first followed by EC a few days later.