InvestorsHub Logo
Followers 37
Posts 36742
Boards Moderated 13
Alias Born 10/20/2002

Re: dustin999 post# 47361

Monday, 11/17/2003 1:41:23 PM

Monday, November 17, 2003 1:41:23 PM

Post# of 219268
Previous claim in Mid July by CSCA; 'No basis' for claims by mining company. Investors rushed in,
now told estimates unfounded.

Rami Grunbaum, Editor Seattle.bizjournals.com
Cascade Mountain Mining Co. Inc. caught some investors' attention in mid-July by announcing it owned Washington state mining claims with a "potential dollar value of $1.5 billion."

Its "Mazama Project," said the previously unknown Seattle company, "could produce 2 billion pounds of copper, 150,000 ounces of gold, 750,000 ounces of silver, and 6 million pounds of molybdenum."

Last week, however, the company admitted "it has no basis" for that projection, or for many other statements made during a monthlong publicity spree.....................


See rest of article:
http://seattle.bizjournals.com/seattle/stories/2003/09/08/story3.html

Obviously, the credibility of the company leaves a lot to be desired.

BOREALIS




Join InvestorsHub

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.