BANDORE Message Board - Msg: 1305583

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Gold/Mining/Energy : BANDORE

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To: Stephan who wrote (521)	4/30/1997 10:16:00 PM
From: rex reed	of 1692

Stephan, No exageration, your numbers fit with mine and other Band-Ore share holders that are unwilling to unload shares at these levels. My ore calcs. based on public drill results, although complex and using some imagination come in just over one million ounces. Not concidering deep holes. There has not been an official release from the company. I'm beginning to believe in this corporate decision since an independent calc. will be more creditable plus the new TSE rules for announcing results for junior mining companies is asking for it. Are we over sold? YES Are the technical indicators showing strong buy, YES (I know, I said it around the $5.60 level but this one is for real) Resistance levels $3.75 then $4.75 then $6.75. This is the best junior gold play out there right now. The hardest thing to do is buy when you feel down, but this is when the big money is made. Upside on announcement of management change, drill results and ore calcs, all looking very favourable. If all goes well $20.00 is not unreasonable by late summer. Best of Luck to ALL.

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