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Gold/Mining/Energy : Best buys in current market

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To: Rook who wrote (78)	4/6/1997 12:24:00 PM
From: Pierre J. LeBel	of 210

RE Canadian Overseas Exploration (CVC-V): One more reason to consider an investment (speculation ?) in CVC-V : I received an e-mail Friday from Canaccord in Vancouver (they are the sponsor for CVC according to the VSE) indicating a shareholders equity of $ 0.063 per share as shown in the most recent audited statements ($ 1,701,000.00 divided by 26,990,000 shares outstanding). As we all know, resources stocks typically trade at several times their so-called shareholders equity. Therefore, in addition to all the points you have mentionned, I feel very secure that buying under $ 0.10 offers an excellent opportunity for profit. It may take only a few months if history repeats itself or it may take a year or two: where is the rush? From $ 0.06/0.10 to $ 0.50/0.60 I do not mind waiting a bit. Also, recent trading patterns suggest an accumulation is underway. Good luck with your group. May the profits be with you! Pierre

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