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Re: Jackjc post# 13

Monday, 06/23/2003 10:41:39 AM

Monday, June 23, 2003 10:41:39 AM

Post# of 21
KGI is the old Macassa mine with more strike on each side, and expanded aggressive attitude towards exploration and lots of high grade gold. The thing they have to avoid is mining troubles, so they have to get innovative. So far the ore is rolling in. Lots of mining left to do in that country.

Almaden has a long (30 year) track record of finding and spinning off. For them, development was too high ri$k. They are not specialists in that. Today in Mexico, maybe development is favoured -- the risk taker may get a bigger reward if he grabs a shovel.. (Wildcat sees opportunity there in placer, small scale heap leach..not much differen*ce), but they are continuing in the established vein. Solid base and good prospects.

Holmer has aggressive experienced management. They have the one project in Cuba that would be close to production now and the loan facility for that. They spun off the Timmins property near Bristol, but we have confidence in their abilities (former Renabie men) and outlook. They need to attract explo capital. We would do JV's with Holmer on projects if things could be worked out.

I am looking at much more than I am talking about, I admit. I pan the odd thing. I am not crazy about stocks with too high a price and not a "let's go" attitude with the drill, or the shovel.. that is my philospophy.. why? well, greater share apprecation as you get nearer the shovel. CKG does not excite as much as MVG does for this reason, and their price is comparable.. I like CDY's, PEX's chances, and others too .. obviously the little guys give the greatest chances..

I am looking at a lot of diamond compnies too... Obviously they have market momentum and more importantly staggering exploration momentum.. am I too effusive? No! Time will bear me out.. there is a LOT going on.. the biggest area play in history.

I admit that I have not waxed eloquent. In short I am a curmudgeon of the first order. It is easy to get carried away. I like gold however, and most gold companies that are half way serious.

I will admit too that there is way lots of reading between the line with my stuff, but I have two problems here. Investment advice I do not give for legal reasons.. I know about three OSC cases that took out services that I knew personally. I am not taking out a license to chat about stock with people or share news and views. The point of my email list was to get chat going.. this is few and far, but it may work in time.. Second point is we get what we pay for.. I am getting too, and I appreciate that.. no one lives in a vacuum, privy to whispers from Mount Olympus about the future.. :)


EC<:-} Wildcat Res. Ltd.