Int'l Pursuit (T.IPJ) Message Board

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Gold/Mining/Energy : Int'l Pursuit (T.IPJ)

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To: Haq0r who wrote (257)	4/24/1997 12:53:00 AM
From: Ron Everest	of 835

My analysis of this company indicates to me that it should be at $10Canadian. Interesting that the Phillipines CU prospect is worth all of the current price (C$3.65), investors are getting the following for free: Cash over 30 million Share of JVAG Indo Holdings which particular emphasis on the: Sebuluh Fault lands, Sibau, Jurassic and Mahakan (E&W) CoWs. JV with Barrick on East Kalimant CoWs. Mongolian prospects which have probable 600,000 oz AU resource now! and are very prospective I am not sure that the Bre-X story being lightened up will instill the confidence required to really move the markets as there is a lot of skepticism out there, however, can't hurt to have that behind us. With the CoWs (sixth generation) being signed at a ceremony on April 30th, we can expect an upbeat ripple through the Indo stocks. Someone has stated that the 7th generation CoWs will not come until 1998, however, I haven;'t seen any news release to that effect. The Indos have severely damaged their credibility with mining investors and companies and may have to grant the seventh generation CoWs as part of their damage control.....that is my prediction, not founded on anything other than deductive logic. Best regards, Ron E

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