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Gold/Mining/Energy : Canadian Small Cap Stocks

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To: Ally who wrote ()	7/17/1998 12:14:00 PM
From: Bob Reich	Read Replies (1) of 512

'96-125bop/de '97-320bop/de '98-550bop/de est..14/share c.f/share, yr. ends Jul 31 '99e-750bop/de est.20-.25cf/share.xeno's earnings will be incorporated into last quarters statement for this yr.See latest nr. about purchase of xeno. Got 2.8 million dollar C loan to make purchase and paying it off @$720,000/yr and will amotitize in three yrs.Will have 2.3 million cf to make that payment. Then their is the palau project they recently regotiated a 38%interest, and drill rigs are now available. They spoke with 22 majors only five rejected the rest are interested. The cost for two wells is 9 million only going down 3600 feet. 55% of stock is closely held and a float of 2.5 million is freely trading. I would appreciate your opinion. Bob

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