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Gold/Mining/Energy : focal resources

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To: Walt Gillespie who wrote (12)	4/9/1997 6:18:00 PM
From: F. Rago	of 30

To be candid Walt, I hope it rises too but I really don't see it rising fast unless the bre-x ie is they have the 71m+ gold there. If they do have it that will be a great shot in the arm for all the juniors, and focal would probably rise to the 2.50 range until some results start coming from their very primising properties in Nicaragua. They have drilling planned on all 5 of their sites, so if bre-x settles by month end, we should start to see focal really take off. I am very long on focal, and very excited bout their properties, by June, we should have a much higher price for focal, IMO possibly a min. of a 3 bagger and possibly a 5 bagger Frank

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