> The Canadian Speculator : Email Flash
>
> October 20, 1997
>
> _______________________________________________________________
>
>
>Pallaum Minerals (PLM ASE) Ratings Change
>
> There may be life in the Speculative market after all. Following the
>spectacular movements over the past few weeks of Glennhaven, Cross Lake,
>Donner and Northern Abitibi, we are becoming more encouraged with the
>market. Having said that, we are also somewhat alarmed at the excessive
>premiums being placed on stocks based on limited drilling.
>
> The recent resurgence of Voisey's Bay through the Teck/Donner South
>Voisey's Bay play has ignited the surrounding juniors with few exceptions.
>One such exception is Pallaum Minerals (PLM ASE).
>
> We originally recommended Pallaum for their strong Nevada play which
>continues to unfold with ongoing drilling and negotiations with majors. We
>continue to recommend Pallaum for that same play. The hidden fuel which
>could ignite the fire is their 25% interest in the Adlatok River 2 project.
>To be more specific, the project is located in the centre of the
>Teck/Donner play and given the structural trend in the area, a significant
>discovery would likely lead onto Pallaum's property.
>
> Prior to this week, Pallaum had avoided discussing their Labrador
>properties, instead focusing on Nevada. Given the excessive speculative
>valuations being built into the juniors participating in south Voisey's
>Bay, Pallaum is now offering excellent participation in the play at
>virtually no cost. Recent trading in Pallaum has seen the market value
>their Nevada properties in the $0.95 to $1.10 range. Today's close of
>$1.22 provides for excellent exposure to Teck/Donner, at a minimal cost.
>At this time Pallaum is being upgraded to a strong buy.
>
>
>
> (c) Copyright 1997 The Canadian Speculator Inc..........www.specstock.com
>
> _________________________________________________
>
> The Canadian Speculator
>
> www.specstock.com
>
> _________________________________________________
>
Mark Crowther, Pallaum Minerals, Corporate Development
1-800-895-2211, mcrowther@pallaum.com
pallaum.com |
