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Gold/Mining/Energy : Precious and Base Metal Investing

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To: loantech who wrote (411)	10/30/2001 7:45:29 PM
From: Brumell	Read Replies (1) of 39344

Nothing specific Tom. Just a few thoughts. The NR from Island-Arc means little and yet it means something. Apparently these people believe an area play could be developing around SUL. There's no doubt they wanted their NR issued in association with SUL. It makes them proximity players - if SUL takes off so will they due to proximity. So far SUL has drilled 7 successful holes. While none were individual barn burners, combined they indicate consistent gold values are present - values that are potentially ore grade depending upon tonnage. SUL is currently up but not by that much. Volume has been good good but certainly not ballistic. A few more successful holes could change that. At some point in the exploration stage, stocks can reach critical mass and it could happen to SUL. So here's the picture. SUL themselves have recently acquired some additional ground in the area. Now we have some proximity players. SUL have pulled a series of holes with consistent values. It could be the early days of an area play. It's starting to feel like one. Let's see what the next several groups of assays indicate. It could get really interesting. Bob

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