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Gold/Mining/Energy : SVG:VSE Spire Ventures Ltd.
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To: pal who wrote (13)9/15/1998 6:07:00 PM
From: Elizabeth Andrews  Read Replies (1) of 44
 
The answer to your questions in order.

1. Higher than C$0.25. Until a hole is published like that I can't comment but if it were a true width and relatively uniform grades across that width, it would be a spectacular thing.

2. There's significant "country risk" here. The FGX property in Mexico apparently has mineable reserves of 2.250 mm oz of Au. It trades at about US$30 per ounce. Spire, due to its ownership and the risk, would trade for less $ per ounce. But Pal, we are a long way from a deposit let alone 3 mm ozs.

3. Yes.

4. It doesn't matter who or how the shares are owned if there is a bona fide discovery. The volume will tell you whether the hole is legitimate as the insiders will load up first.
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