American Bullion: 3.5 mill AU/2.7 billion lbs copper Message Board

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Gold/Mining/Energy : American Bullion: 3.5 mill AU/2.7 billion lbs copper

ABP 0.186

-4.5%

10:50 AM EDT

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To: Ken Bui who wrote (1)	5/4/1997 7:21:00 PM
From: Reg	of 14

It got hammered down with Bre-X margin calls. The rebound may be due to a major shareholder's attempt to oust management on May 14th and establish a new board of director's. Received the proxies in the mail Friday from the dissident shareholder group. They have my 35,000 votes. It's about time someone shook things up! The market cap on this stock was as low as 7.2 million a couple of weeks ago. They own 80% of Red Chris and Teck has the other 20% With the gold valued at $10/ounce and the copper at .02 per lb. in the ground and 2.2 million in cash the stock should be worth $6/share U.S. or $8 Canadian based on their 80%

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