TC REPORT - CGLD.OB -STOCK WATCH ALERT!

TC REPORT - CGLD.OB -STOCK WATCH ALERT!

CGLD.OB Capital Gold Corporation

Price Per Share: $0.27
Total Market Cap: Just $11,900,000 !!!!
Float: 42.90M
52-Week Change: 133.33%

Capital Gold Corp. (CGLD) is a gold exploration company which owns the
El Chanate gold property in Sonora, Mexico.

** RECENT STUDY: $136,000,000 IN GOLD!!! **

Results of recent study estimate over $136,000,000 in GOLD exists on
this property (358,000 ounces of GOLD)!!! We expect great things from
this company! More positive news could trigger this rocket into
orbit!!!

(Read the NEWS yourself:
http://biz.yahoo.com/prnews/030818/nym109_1.html )

POTENTIAL IS HUGE!!!

"The initial open pit project contains PROVEN AND PROBABLE reserves of
358,000 ounces of gold within 13 million metric tonnes of ore with an
average grade of 0.827 grams/tonne."

(IT CONTAINS $136,756,000 WORTH OF GOLD at the present rate of $382 an
ounce!!!!)

With just a 69.5% recovery rate, the company will recover 248,459 
ounces of gold, valued at over $94 MILLION!!!!

***COMPLETE MINING MAY TAKE JUST 5 YEARS!!!***

"It is estimated that the mine could produce approximately 50,000
ounces of gold per year over a 5 year mine life." (Company's own
words)

***WORK MAY BEGIN IN JANUARY 2004!!!!***

"With successful permitting and financing, mine construction is
anticipated to commence during January of 2004." (Company's own words)

***MORE GOLD MAY BE WAITING!!!***

"The study indicates that mineralized material lies one-half kilometer
to the east of the planned pit and has the potential to expand the
deposit." (Company's own words)

Since its inception in 1982, Capital Gold Corporation has been
actively involved in acquiring properties for exploration and
development so that they now own or lease all or a portion of
approximately 150 patented mining claims and concessions located in
the California Mining District, Lake County, Colorado, and in the
State of Sonora, Mexico.

According to the company, several major financial institutes have
approached Capital Gold Corporation in regards to the opportunity to
finance the project.

Technical Analysis:

52-Week High (7-May-03): 0.45
52-Week Low (12-Dec-02): 0.12

Last three months trading mostly in a tight range between 0.23 and
0.28. Technical breakout above 0.28. Look for increase in volume to
confirm technical trend above 0.28.

To contact the author or to subscribe to the TC REPORT, email
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Disclaimer: The author has not received any compensation from the
company being reviewed, nor any third party, for making this report.
The author presently holds less than 7,000 shares of the company. The
author intends to sell these shares for a profit when he deems fit and
will not inform the public prior to sale.

This report contains forward-looking statements that involve risks and
uncertainties. Investors are cautioned that forward-looking statements
are inherently uncertain. The forward-looking statements contained
herein represent the authors judgment as of the date of this release,
and the author cautions readers not to place undue reliance on such
statements. No statement within this report should be seen as a buy or
sell recommendation. The material in this report is intended to be
strictly informational.

The author is not a licensed broker, broker dealer, market maker,
investment banker, investment advisor, analyst or underwriter. Please
consult a broker before purchasing or selling any securities mentioned
in this report. Investment in the securities of the company discussed
in this release is highly speculative and carries a high degree of
risk. The author is not liable for any investment decisions by its
readers or subscribers. Investors are cautioned that it is possible to
lose all or a portion of their investment if they make a purchase in
these profiled stocks, as is the case with all stocks.