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Gold/Mining/Energy : Madison Enterprise, MNP/VSE
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To: Bearcatbob who wrote (23)4/20/1997 1:35:00 AM
From: John   of 285
 
My understanding from sources in PNG, is that most of the problems have now been resolved. Regardless, I think that PNG will be the next "hot spot".

Have you seen the "Asian Stock Report"? It includes detailed articles about the situation in PNG as well as reviews of other companies that are doing work there. There are some well known majors as well as junior companies doing exploration work in PNG.

Madison, and Wayburn (WYB- ALBERTA) are just two of several companies involved in the exploration boom in PNG. Things will (in my opinon) "heat up" over the next few weeks ESPECIALLY after the BRE-x horror.

Check out the Wayburn Site that I did and if you like, send me email with you mailing address and I will send you a Wayburn package together with a copy of the "Asian Report".

BTW.. there is also a Wayburn Forum here on SI it contains the most recent releases.

Keep an eye on Wayburn, I think it is going to do very well in the weeks ahead. At it's current price of $1.15, it is a good buy. Remember they have just done a financing and have well over $2.5 million with a further $2.4 coming in from exercise of warrants.

Check out their the latest release that was issued last week. Most of the results are better than Madison. Also, they have a producing mine at Edie. Drilling to start 1st week in May on Edie and shortly after on IOMA where they got EXCELLENT results.

Happy Investing

John
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