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Gold/Mining/Energy : ARMISTICE

ACI 17.30

-1.6%

Nov 4 3:59 PM EST

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To: Steve who wrote (16)	4/30/1997 8:04:00 PM
From: Mark L.	of 94

The results look good and hopefully soon this bear market in the golds, that has been amplified by Bre-X, will start to clear up by the end of week/or early next. Then we might see an increase in shareholder value for this promising property. Does anybody know what the total # common shares are now outstanding with all these specialwarrants issued to raise financing. At least ACI is fully funded to carry out it's proposed exploration program. It would be like pulling teeth trying to get financing out of the market today. Finally, nice to see a second drill is operating, should see more results more often. Good luck all, hope them Bre-X results are positive. Mark

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