FACT-N-FICTION

[gabeh]

CPN up 25% since I posted the recommendation less than a week ago on the 12th. A gold exploration company with a large gold/copper porphyry property in Romania. Approaching 5 million ounces and they're still drilling.

By the way Ice, why are you restricting this to American stocks only? Can you guys not buy TSX issues?

http://www.carpathiangold.com/site06/ company web site

http://www.stockhouse.com/comp_info.asp?symbol=CPN&table=LIST genearal info and chart.

This may well hit $3.00 when the 43-101 (a required professionally prepared qualifyting report on the resource base of an exploration property) is issued in the next month.

Expectations are for 3 to 5 million ounces. A conservative valuation of $75 per ounce in the ground and using 4 million ounces, results in a market cap of US$300 million or a share price of 300 x 1.15 / 110 = over $3.00. The 1.15 is the US to Canadian dollar conversion, as the issue is priced in Canadian dollars.

Not much discussion of the company, but whatever there is can be found here:

http://www.stockhouse.com/bullboards/forum.asp?symbol=CPN&table=LIST

Closed on Friday at .99 (a new high) after hitting 1.03 during the day. Last chance to include it as a penny stock.

Even if it doesn't make IBOX, it's worth a look. I will keep the board posted (especially if hits my target). I have a fairly large position, well, my largest holding by far, actually.