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baystock1

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Re: Ed Monton post# 195

Wednesday, 08/06/2003 4:33:25 PM

Wednesday, August 06, 2003 4:33:25 PM

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I think Defiance mining at Canadian 35 cents/share is a better buy. They have a similar size gold project to that of Red Back in Mauritania. Defiance is fully funded thru feasibility and has only 73 million shares VS. Red Back's 120 million shares outstanding. Defiance's mine in Mauritania is also aiming for around 130,000 oz per year, but under $200 cash cost.
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