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Gold/Mining/Energy : Coleville Resources - CLL

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To: vandek who wrote (1405)	3/31/1997 11:58:00 PM
From: Tim Reddick	of 3058

My good lord people, ANZ was a $0.60 stock 2 months ago.CLL was $3.00 at that time. Coleville management feels its stock is worth $3.00 a share based on Venezuala alone!! ANZ had been at $0.60 - $0.90 for THREE years(with RAPPA). I dont think anyone really knows what the hell RAPPA is (or cares) in regards to the current ANZ share valuation. The Ojalali is less than 3000 Hectares ( JV property). Coleville has the 29,000 Hectares surrounding it. 1:1 I dont think that is in the best interest of CLL'ers. Tim

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