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

To: pva who wrote (32)	3/5/1999 3:56:00 PM
From: rdww	Respond to of 176

SVU looks interesting. The project is in China - so as for political risk - I would place it higher than in GB despite the recent turmoil here. The tormentors have shaken hands and there is an agreement in place for normalcy in GB. The 'fight' was not uncommon to Africa and was not regarded as a big deal over there. CHL has 100+ MM t and expects to double this in short order. SVU has anywhere from 91MM to 350MM t depending on the area and classification of the deposit. Both stocks have a similiar FD - not sure how much of SVU is insider held. SVU loooks to be better at promotion at this pt than CHL. CHL has an $84MM loan in place today for construction of production facilities. THere is an existing pre feas report which requires updating at the most.CHL is currently negotiating offtake as well as the construction. If all goes well, the mine will start next yr. This deposit is near surface and has excellent infrastructure. I am not sure about SVU. There will be a pipleine to ship the 29.8% P2O5 grade material to port. CHL does not want to be a producer - they are preparing the property for sale, sooner than later. SVU has only this project and as such seems to be positioning itself as a producer some time in the future. CHL still has the exclusive rights to look for gold, base metal + diamond properties in GB. This speaks nothing of the Takatu Gold property + the El Rubi base metal property in Mexico - CHL's backup projects - which add value to the stock. I see nothing in SVU's stable for a backup if there is a problem w/ the Chinese gov't in the future. I see that a decree has been issued, but that can be revoked in any country in the world. Witness Newfoundland + SVB, the infamous BXM + Indonesia. The same could happen in GB. But GB needs to have this project move fwd for it's people. The investors of the $84MM African, understand any potential risk hopefully since they are from South Africa. China's recent sparring w/ the US over human rights and other issues has shown a rift that may put US investors at risk. If China has little regard for human rights and even less regard for US intervention in these areas, it is not much of a stretch to assume that taking over plants, etc that have been pd for by US interests, should be a concern. China has been horrible at respecting copyright and they are the masters of duplication of any item that is manufactured anywhere else in the world.One of the stories as to why Chrysler never invested is becasue they came out of a mtg and saw a China clone of a Jeep drive by. They quickly realized that any deal was not like any deal that they could think to get in the US. There is a reson why the market always gives low marks to any Chinese venture, it is becasue China has of yet to prove themselves a safe haven for investing. As you might have guessed - I feel safer at this point with CHL even if their stock price lags SVU. Best of luck - but I hope to beat ya to the finish line!

To: pva who wrote (32)	3/9/1999 12:15:00 PM
From: rdww	Read Replies (1) \| Respond to of 176

Champion engages Geographe to assist in fundraising efforts Champion Resources Inc CHL Shares issued 16,746,940 Mar 8 close $0.54 Mon 8 Mar 99 News Release Mr. John Hiner reports Champion Resources has entered into a letter of engagement with Geographe International MFS Inc. Geographe is a privately-owned Canada-based firm providing assistance in a wide array of corporate services. The company engaged Geographe to assist in its interim fundraising efforts as the company moves toward development of its Farim phosphate project. (c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com