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Gold/Mining/Energy : Champion Resources - CHL.vse -- Ignore unavailable to you. Want to Upgrade?

To: T.Bill who wrote (2)	6/4/1998 4:25:00 AM
From: rdww	Respond to of 176

yes - you're right doing the math from the NR. I simply took the old average $1 and called it a Cdn buck for the $4-5. My feeling was that I'd err on safe side - and no one would believe me if I said $19 these days. But in the long term - depression or not - CHL should be a healthy gain from these levels.

To: T.Bill who wrote (2)	7/13/1998 11:28:00 PM
From: rdww	Respond to of 176

they are working on getting a JV partner - a major - for the phospate project. Seems like there is some impetus for majors now since a large project in Africa went to a company that will use all the phospate inhouse. So the market place is left scrambling to find alternative source. Let me help them out - it's in Guinnee Bisseau!

To: T.Bill who wrote (2)	7/16/1998 2:58:00 AM
From: rdww	Read Replies (1) \| Respond to of 176

Kasier says hope for $2.50, but be patient Champion Resources Inc CHL Shares issued 13,950,440 Jul 14 close $0.21 Wed 15 Jul 98 In the News John Kaiser, writing in the July 8 issue of his Bottom-Fishing Report, says political turmoil in Guinea-Bissau has cast a cloud over Champion Resources' Farim phosphate project. Mr. Kaiser notes that Champion hopes to do a deal on Farim, preferably with a major chemicals producer. Phosphate is used in fertilizer production. Guinea-Bissau has a history of civil conflict and political instability, and Mr. Kaiser hints this may have something to do with Champion's long slide in price. CHL also has only $300,000 in working capital. As gloomy as things may be, Mr. Kaiser says the stock, 22 cents at the time of writing, could go to between $2 and $2.50 if all goes well. By that, Mr. Kaiser means if the Farim deposit is proved substantial and fetches a strong price from a chemicals company. The letter writer says in the current bear market, resource juniors may look like they are down and out, but can quickly spring back to life. Still, bottom-fish accumulation "should not be done with any short-term expectations." (c) Copyright 1998 Canjex Publishing Ltd. canada-stockwatch.com