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Gold/Mining/Energy : Alta Gold

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To: Raymond who wrote (107)	5/1/1997 10:37:00 PM
From: virgil vancleave	of 749

alta has a web page for those interested in checking it out. the address is rcgstockinfo.com the intrinsic value of alta appears to be far more than the present market value plus any debt and then some at todays prices. market cap here is only 75 million. with over 1 million ounces in gold reserves alone and expanding at 30 % plus alta is definitely undervalued. most likely because of the weakness in gold and silver market. but copper is holding strong and alta has over 500 million lbs of reserves here too. alta also has stated that it can mine their gold for 284 an ounce. even at 340, that's a $55 dollar+ profit. i checked out a lot of other gold companies today and also the gold index in investors daily. ouch! alta is holding up much better than the average for the past year. AND gold is the bottom or worst performing area of the market for 1997. index is down 16% for 97 alone. makes me feel better about my alta and is looking like the time is close to step up and buy more. good luck all.

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