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Gold/Mining/Energy : GOLDEN RULE (tse:GNU)

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To: John Fairchild who wrote (311)4/19/1997 3:54:00 PM
From: Harold W. Davis   of 957
 
Guys,

I bought more GNU at $5.05 on friday (a good price in my opinion).
If you check out the insider trading report for Opwica you will see that Dan Clark the president sold almost ALL of his stock in the past few months.

Its clear to me now that Clark knew that his property was a piece of crap. The maps that OPW were distributing did not give an accurate representation of where GNU's trenches were relative to the OPW property.

My point in saying this is that I feel GNU was oversold because of the OPW news, and I think it has good value at these levels. I my opinion GNU will prove up a large deposit just in the gravels near surface. The hardrock contains gold all the better.

I heard GNU's last trenches were 4 metres deep and still in significant mineralization. I think the past week has given all of us a chance to re-enter the GNU play. I made a bundle on the way up the first time and I'm ready for a repeat performance.

Davis
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