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Gold/Mining/Energy : The 1999 SI $1.00 & Under Canadian Stock Market Contes -- Ignore unavailable to you. Want to Upgrade?


To: mark calgary who wrote (508)4/8/1999 10:07:00 AM
From: Hart  Read Replies (2) | Respond to of 740
 
Hey Mark .

Maybe we should hold off - until $3.00

*smirks at Dave* :-))

I sure wish I accumulated tons IRL under 10c ... I wonder where this will go? I keep missing the boat, or getting out too early.



To: mark calgary who wrote (508)4/8/1999 2:34:00 PM
From: NAUGHTY NOTES  Read Replies (1) | Respond to of 740
 
sorry about the spam...this is just too good to keep quiet...

cks-v

here is a company with 1 million and 30 thousand ounces PROVEN with production costs under 80 dollars u.s. now let's do the math... 1,030,000 times 200 u.s.= 206,000,000 u.s. now multiply by 1.50= 309,000,000 canadian. now let's divide by the # of shares...309,000,000 divided by 15 million= $ 20.60 canadian. they have announced PROVEN reserves of 1,030,000...this is not a rumour...and with the new tight laws of the vse they damn well better be accurate. from what i have heard the manganese problem (minor) is not only solved, but cks is trying to patent the solution. anyhow...we have a company with 2.2 million dollars in the bank...a property worth over 20 dollars canadian trading at .69...what is the problem?...indonesia! well guess who just spent over 50 million on indonesian property acquisitions this month...INCO. a company like inco doesn't throw cash around for the fun of it...they are obviously capitalizing on the enormous potential of a country that hosts some of the largest deposits in the world while it is still beaten up. how much longer can the bre-x black eye last? answer...until the next real large discovery is made in indonesia. this is the place to be right now if you have cash and a long term plan...whicjh cks has both of. they are looking to aggressively acquire more properties in the region in the near future. in talking with the tusk management i have recently learned that there is a trip to the property coming up next week. listed as the guests are 2 major europen investors...one large european major mining company that has expressed great interest in the tusk property...a few mining analysts...some large investors from florida...and one major newsletter writer. so where is the stock going? how can it possibly go down from here? we are getting exposure now...we have cash...the mill is pumping out 350-500 tonnes a day...8-9 tonnes of concentrate...sounds like a cash cow to me. the market is looking thin on the upside and the bids are building up nicely. in my eyes we look due for a big run here. we have a trip to the property by some large people...the company has indicated in the past there is no way they will sell under 10 dollars to anybody...and i believe there have been numerous chances to do so. so we have cash in the bank and a bottomed out resource market...it is a no brainer at these levels...actually it's a joke. i'm in there tomorrow no doubt....we are not going to stay at these levels long.