Creso Exploration Inc CRXEF

RE: new 52wk high CUI hopefully some have bought i

[wooody6]

ANOTHER 52WK HIGH .36Get Real = CUI Probably Has a Major Discovery



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10/4/2010 10:13:43 AM | | 495 reads | Post #28667922 Rate thisclarity
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I last posted on 18 Aug , suggesting CUI has been structured to drill off a large deposit, hence the poison pill at 6 cents.



I am surprised so many are talking about 2 cents gains on a daily basis.



This company has a minute market cap of $12 Mil on on 85 mil shares out.



Canaco has a Mcap of over $500 Mil and its first hole was as follows,



Canaco First hole drilled 70m below the surface of artisanal workings 59m @ 4.28 g/t



CUI has drilled some equally impressive holes



MBNR001 : 34m @ 3.60 g/t

MBNR007 :12m @ 9.11 g/t

MBNR015 :63m @ 2.59 g/t ( from surface)

MBND001 :31m @ 5.97 g/t



CUI is an old company and its shares were widely held, the stock was based by design, so all the loose paper could be accumulated up, to prevent an expensive hostile takeover fight that would destroy the company. Again hence the poison pill at 6 cents..



Pinetree owns over 10.3 million shares or 12.6% and insiders owning a bunch more, the company has now been structured.



Pinetree does not want to penny flip CUI shares, they wand to invest in another Canaco; they want to finance at a higher price, as CUI drills off its major discovery. In this way Pinetree get first rights on all future financing and fees; all this increases the value of Pintrees holdings in CUI.


Pintree wants to pyramid up as CUI becomes more successful; Pintree wants to be on the front end of another gravy train like Canaco.



CUI drilled 63Mts @ 2.59 g/t from surface; that is huge and is a strong indication of a major gold find.



CUI drilled 31 Mts @ 5.97 g/t , that is massive high grade potential for an open pit mine. In Mexico they profitably mine sub 1 g/t with higher mining costs.



CUI has been in Tanzania since 2004.



The Sekenke project controls all the surrounding and on strike lands of two old colonial mines. As CUI share price increases; CUI will be able to buy the old mine lands they do not control. Sekenke will become a major project with proven gold reserves. This alone could carry CUI.



I suspect we may see some churning at 15 cents, but probably Pinetree will buy the float and I expect this stock to base above 30 cents, ready for another financing and then it will attack its old high of 55 cents.



MBNR015 :63m @ 2.59 g/t ( from surface) represents a major discovery.

MBND001 :31m @ 5.97 g/t Confirms that major discovery.



With these high grades drill results; once the geological model has been correctly interpreted; the results will come very quickly.



Then it will be too late; you will have missed the boat and that 2 cents trader will pop to $2.



We could see big blocks just take everything out all the way to 35 cents very quickly. The market does this many times on far less drill results, so hold on to your position.





MBNR015 :63m @ 2.59 g/t & MBND001 :31m @ 5.97 g/t confirms this is not a trading stock.



Based on the above drill results, its best to Ride this Bull Hard & do not get thrown off by Mr. Market Psychotic mood swings.