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Gold/Mining/Energy : WESTERN PACIFIC GOLD - Solomon Islands Gold?

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To: Ronald Russell who wrote (58)4/4/1997 12:37:00 AM
From: Walter Kalin   of 88
 
Ronald and all. Look back at my post #52. I talked to Don a month ago and again today. They are trying to do a pp to drill 2 MAJOR properties. The first to be drilled is in the Solomon Islands only because they have done alot more work on it. They also want to drill their other property in Papua New Guinea. Their second property lies between 2 major mines in PNG. It is very close to Ok Tedi which has gold nos of 40 mil. I like both of their properties but favour their PNG property. It is on a hill and they have great results thus far. It kind of reminds me of GIT and Arequipa in a way.

My major concern is getting the cash thru a pp after the BREX mess. Don said this was slowing down things but he felt they could still pull off the pp. If they do, this stock should jump to $1.50.

We have good management and TWO great properties. All we need is some major cash and we may see blue sky days ahead.

Regards to all
WK
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