Kaiser says buy Peruvian for Silvertip or whatever
Peruvian Gold Limited PVO
Shares issued 14,227,466 Jan 4 close $0.58
Wed 5 Jan 100 In the News
John Kaiser, writing in the November-December Bottom-Fishing Report of Dec.
28, says his old pal Peruvian Gold is once again a buy at 65 cents. Mr.
Kaiser recommended the stock five times between December, 1994, and
December, 1999, at prices ranging from 46 cents to 90 cents. In the current
report, Mr. Kaiser says Peruvian is an excellent bottom fish for investors
who want exposure to a potentially world-class resource project and who
like the prospect of owning a cash-rich ($10-million) junior that may
abandon the resource sector. In 1998, financier Robert Atkinson moved on
Peruvian, possibly with ambitions to steer it into the technology sector.
Now with 33 per cent of Peruvian, Mr. Atkinson now appears to be happy to
let Peruvian's geologist president David Henstridge keep drilling at the
Silvertip zinc-lead-silver deposit in Northern British Columbia. Mr. Kaiser
says if Peruvian can double Silvertip's tonnage, it would give the project
the critical mass to justify development in that remote location. If
Peruvian drops Silvertip, however, it will be in fine shape to pursue other
projects, Mr. Kaiser writes.
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