Robert Lyon
Wolfden Resources Inc
WLF-X
TOP PICK
Dec 15, 2004
Have a unique arrangement with some native bands where they jointly bought and operated rigs. Very cheap. Building more rigs now. A hot drilling market in western Canada.
Have 4 major projects on the go. The main asset is a base metal project in the north-west territories. They need to find more rock to justify mining. Right now it looks almost mineable. At these commodity prices, they might go into it. First rate operators.
Commodity play and he is bearish on commodities. The only base metal stock that he owns. Cheap at today's price. If weaker copper prices pushed the price of the stock down, he would buy more. Tough to find deposits like they have.
. Interesting at this point. A premier exploration company. Has some very advanced stage exploration projects. Strictly in North American. Would like to see it pull back $.50-$.60.
Have received a notice of intent to make a takeover offer from one Australian zinc producer. Offer is at $3.90 a share. With take advantage of the market liquidity and usually money to advantage.
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