MONETA PORCUPINE ME.t Message Board

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Gold/Mining/Energy : MONETA PORCUPINE ME.t

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To: George Mousis who wrote (187)	4/13/1997 9:20:00 AM
From: denis J	of 440

George you are right the fundamentals are there, there is no doubt that when the proven reserves are caculated by june on all the latest drilling the reserve will show at least 1.5 million oz ++ in michaud. results of the march drilling will be out this week and the results of the march april drilling (the end of the current drill program) will be available mid may withresource calculations some time after that by mid june I would expect also look for the annoucement at that time for another drill program for september. the lower stock price recently has a lot to do with the bre-x influence and the price of gold, it is my humble opinion that at these prices the stock is a buy I am selling other stock and increasing my holdings wich will average me down to the .57 range keep faith Denis J p.s. I will be in Toronto April 21 see you then

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