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Gold/Mining/Energy : Canadian Oil & Gas Companies

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To: George Mousis who wrote (787)	11/1/1996 3:45:00 PM
From: Kerm Yerman	of 24939

George / Morrison Middlefield Based upon info Richard just passed on, $25.00/share this time next year would be 5X fisacl 97's cash flow. This solidifies that $25.00 is a very reasonable 12 month price objective.

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