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Gold/Mining/Energy : Madison Enterprise, MNP/VSE

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To: nchan who wrote (39)5/2/1997 11:59:00 AM
From: chevalier   of 285
 
I took a look at the trading and there was a cross of 105000 shares done at $6.05 by Yorkton. I do not know or think that drill results are coming out in the near term as last week I was told it would be 6-8 weeks for results so I do not see how it could have been sped up this fast. MNP is a cheap stock at $6.25 and would be cheap if it were trading at $8.00 today. I feel that this is the beginning of something special- a multi million ounce potential play with a perfect analogy next door geologically in Porgera. This stock has the feeling that it has to go higher based on the initial drill results. There is $800,000 being spent monthly on drilling with three rigs turning 24 hours a day. I for one am sticking with the program until the end. There may be bumps along the way but I truly feel that this is a story that will become much more prevalent to the market as the months roll on. There is a lot of upside potential on this play and situations like this one only come around every so often - enjoy the ride!

ari
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