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Gold/Mining/Energy : Bomax Resources - BXS.VSE

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To: Leigh McBain who wrote (120)5/3/1997 3:14:00 AM
From: Johan van Slooten   of 313
 
Thanks Leigh for the update. Bomax has really been a disappointment to me, but todays shareprice is very low in my opinion. These are prices paid for shells! Bomax still has the Voisey Bay claims (one should become drilled this season by NDT Ventures). Off course, Voisey Bay is also dead at the moment, but that's exactly the time surprises will come in. The money Bomax lend to SSI is, if I remember well, in the order of US$500,000 - 1,000,000. Please correct me if I'm wrong. Market capitalisation of BXS is ñ C$1,300,000 now. Downside limited in my opinion. But upside may be a matter of the very long time.

The Dutchman
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