Paul VanEeden
Staccato Gold Resources Ltd.
CAT-X
DON'T BUY
Mar 30, 2006
Have been unable to get information from this company and his major concern is the 17 holes that were drilled prior to them coming in and how this affects their structure.
Would like to see the resource calculation to see if they are inferred resources or measure indicated. If they add 300, 000, it becomes more interesting but in order for him to make a profit, the economics of scale are not there.
This one has been a real disappointment and a little bit of a surprise at how little respect it gets. Has a million ounce deposit in Nevada. Part of the challenge is they are having trouble raising money. Management has not been particularly aggressive at moving the project forward.