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Gold/Mining/Energy : Coleville Resources - CLL

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To: Tim Reddick who wrote (1407)	4/1/1997 12:11:00 AM
From: vandek	of 3058

Tim your probally right....But a 1:1 along with 3.00 per share would look quite nice...remember Anz is trading at 2.10-2.20...that type of stock & cash would value Cll around its 52 week high...that sound pretty fair...(5.20 per share)..lets wait and see...maybe a major will step in and buy both companies once they have proven up the find with some drill results....You have to be sure if this turns out to have any substantial amounts of gold, with the strathcona report being positive as well as the Barrick report being positive, not too many majors will stand by the sidelines and wait for this thing to hit 125.00 share, they will buy in early...maybe around the 10.00-20.00 share value...just my thoughts..Vandek

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