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Southwestern Resources Corp (C-SWG) - In the News
Casey's van Eeden says sell Southwestern
Southwestern Resources Corp SWG
Shares issued 16,459,000 Apr 25 2003 close $ 13.28
Friday April 25 2003 In the News

Paul van Eeden, writing in the March 4 issue of Doug Casey's International Speculator, says Southwestern Gold is a sell at $14.55 because the geological reality of its Boka project in Yunnan does not match its lofty valuation. Mr. Casey recommended the stock in March, 2002, at $2.98. Earlier tips were May, 1996, at $15.87, and again in June, 1996, at $20. It peaked at $27.05 in May, 1996. In January this year at $12.40, soon after the Boka discovery, Mr. van Eeden suggested investors "keep an eye" on Southwestern, while at the same time cautioning there may be zones of weak mineralization. In the current issue, Mr. van Eeden says his earlier caution was justified. On March 7, the company released results from DH-1 showing what were apparently good weighted average grades. The market interpreted the results as excellent. Mr. van Eeden disagrees, suspecting that 55 metres for which assay results were not reported comprised very narrow high-grade zones in what was otherwise low-grade, or essentially unmineralized, material. SWG's relatively high market cap may reflect optimism that future results will indicate the high-grade zone has significant size potential, but this is hardly a sure thing.

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