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Gold/Mining/Energy : ECM.VSE - El Callao Mining.
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To: Richnorth who wrote (791)7/2/1997 7:55:00 AM
From: John Soileau   of 1253
 
Thanks for the excellent post, Rich. You summed up the situation
all of us face. If we had stable gold ECM would be a dandy performer.

In this environment ECM probably won't be a NNS-type quick in and out
type of stock (great as those are for those who catch them). They do
have the $ to drill, the drill has been very good to them, and over time(maybe a year) I believe inevitable upward pressure on the price
due to an expanding, accessible resource
will afford a profit from these levels. So if it drops any more, I'm
a buyer. I don't mind a year or so holding term; found I've made out
on patient picks like this one better (overall) than on trying to catch fireworks on their way up.

Stay near your screen, the scoping study MIGHT be out today and should be interesting, to say the least.

Regards, john
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