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Gold/Mining/Energy : ForeFront Ventures Ltd
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To: Supervalue who wrote (19)3/25/1997 12:10:00 AM
From: Bruce Little   of 160
 
Hi William, did they give you any idea of what to expect from the mine? (or how the exploration program in Indonesia is proceeding). I read through the information package sent me, which included the Slanker report, both seemed relatively close in their estimates with Slanker being slightly more conservative. If I remember correctly they concluded a share value of around $2.00 cdn. Slanker seemed to suggest a mine life of around ten years. Whats your overall opinion? Do these numbers still seem reasonable after your visit.

Best Regards

Bruce Little
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