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Gold/Mining/Energy : Zappa Resources ZPA vancouver -- Ignore unavailable to you. Want to Upgrade?


To: Bo Bob Brain who wrote (150)11/12/1997 9:32:00 PM
From: Feline  Read Replies (2) | Respond to of 3198
 
Any stock on any exchange is risky. Why single out the VSE? It has small scams that get a lot of publicity. What makes anyone on this thread think that anything ZPA has is economic?



To: Bo Bob Brain who wrote (150)11/12/1997 9:56:00 PM
From: dean poets  Respond to of 3198
 
Although Zappa doesn't have a lot of cash on hand, we don't have to spend any money for the exploration currently being done.
EMC has to spend about 3.0 million on the Guadalupe concession by Sept 12/98. To date EMC has spent around 1.6 mil, and have proven up at least 1.4 million ounces of Gold. If EMC doesn't spend the money Zappa will get 100% of the property back!

With Zappa spending the required 2 million on the Papagrande/Mollopongo properties Cambior must bring them to bankable feasibilty by summer of 1999 in order to earn 60% interests in the properties. There is about 1.6 million ounces of Gold proven on these properties.

Cambior must spend 2 million on the Laplata property by Dec 10/98. They have spent at least 1.25 mil so far, and I believe there is at least 1 million tonnes of massive sulphide proven. With the average grade being at least 4.4% Cu, 4.8% Zn, 3.9 g/t Au, and 43.4 g/t Ag.

Zappa appears to be in pretty good financial shape in 98, even with our apparent lack of cash. I'm suprised your not talking about your warrant theory Bo! Feb 98 isn't that far away.

Dean