Post by
SAMJI on Feb 28, 2006 9:34am
Claude Cormier on CLG
FWIW, one of CC's Top 10 Long Term Holds...
"You all remember Cumberland Resources. It has been a favorite for a long time. It still is. Despite this year problems with higher than expected capital costs at Meadowbank, Kinross took a 10% stake in the company. It is not hard to figure that CLG will eventually become a bargin again with its 4 millions ounces of gold and $50 millions in the bank. It is only a matter of time for the economics to improve at Meadowbank. If you want a safe gold resource in Canada, Cumberland is for you." Dec 2004 - ORMETAL REPORT