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Gold/Mining/Energy : BANDORE
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To: Glenn J. Mullan who wrote (513)4/30/1997 7:46:00 AM
From: James W   of 1692
 
Glen:

It seems to me that once people realize the merit of the BAN property in Timmins, they'll be shaking their heads at wasting the opportunity the get on the BANwagon at levels around $3.00. Let's face it, Band-ore is not BRE-X and once that debacle is out of the way there will be money to go, and not in Indowherever. By my calculations of the drilling to date, based on 24 million fully diluted shares outstanding, BAN should be trading at 4.50-5.50. It really does make sense at current trading levels. Most of the drilling has been done to the 100m level and drilling (of the 6 that are going 24 hours a day producing 1500+ feet of core daily) has intersected gold to 300m vertically. There really is gold there as opposed to other hyped stories of late including BRE-X. Once everything is cleared up in those stories it will become clearer to the gold community what an absolutely legit and feasible Canadian not foreign, drilling program BAN has. The same pundits that were nay-saying Bandore will watch in stunned disbelief as the the price shoots through the roof. With new results coming out every couple of weeks including visible gold, shouldn't this be reflected in the price of the equity? Absolutely. 30-50 cents minimum per average result. Just sit back, Bandore and a double digit trade aren't that far off and all those that sold out on the way down will be shaking their heads. This company is for real.
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