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Central and Eastern Europe Fund Inc T.CEE


Primary Symbol: CEE

The Central and Eastern Europe Fund, Inc. (the fund) is a non-diversified, closed-end management investment company. The Fund seeks long-term capital appreciation through investment in equity or equity-linked securities of issuers domiciled in Central and Eastern Europe. Under normal circumstances, the Fund invests at least 80% of its net assets (plus borrowings used for investment purposes) in securities of issuers domiciled in Central and Eastern Europe. The Fund invests in various sectors, such as banks; diversified telecommunication services; electric utilities; food and staples retailing; metals and mining; oil, gas, and consumable fuels; wireless telecommunication services; insurance; media; airlines, chemicals, and pharmaceuticals; entertainment; interactive media and services, information technology (IT) services; insurance, and textiles, apparel, beverages, and luxury goods. DWS International GmbH is the investment advisor of the Fund.


NYSE:CEE - Post by User

Central and Eastern Europe Fund Inc
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Post by whocares8on Feb 12, 2009 8:22am
402 Views
Post# 15773160

Resource Upgrade

Resource Upgrade

SUKARI GOLD PROJECT RESOURCE UPGRADE

9.39 MOZ MEASURED AND INDICATED, PLUS 3.5 MOZ INFERRED

HIGHLIGHTS

?? The Sukari mineral resource upgraded to 9.39 Moz Measured and Indicated, plus 3.5 Moz Inferred, at 0.5g/t

cut-off

?? Measured and Indicated resource increased by 376,582oz, Inferred increased by 174,355oz

?? Measured and Indicated resources equal to 73% of global resources

?? South of 11312N (ie 1.3km of the 2.3km outcrop) the resource is estimated at 8.53 Moz Measured and

Indicated and 2.8 Moz Inferred, equal to 88% of global resource

?? The resource increase is based on additional assay results from approximately 14,352 metres of drilling

received from 02 October 2008 to 25th January 2009

?? Total drilling to date exceeds 380,000 metres and drilling continues with 8 rigs on site

?? Deepest hole drilled at Sukari (1,176 metres) to date stopped due to rig capacity in porphyry

mineralization

?? Results include 189m @ 2.51g/t Au, and 66m @ 4.80g/t Au

Is it just me or is CEE lagging behind London and Australia......

Cheers all!

GL!

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