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Gold/Mining/Energy : Mindoro Resources Ltd - MIO

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To: Stephen Bedingfield who wrote (67)	5/10/1997 11:45:00 PM
From: D.M.	of 147

I recently called Mindoro, and spoke with Penny Gould. She told me that the president had just visited 5 of the 6 Philippine properties, and they plan on having drill targets by the end of the year. The company has high expectations for the Philippine properties. They will be drilling at the Myanmar property in Oct/Nov after the monsoons(stated in press release). I was told 12 of their 15 properties are known to have signs of gold. $4.4 million in the bank and around 10 million shares outstanding (didn't remember exact # of shares). They are still awaiting COW from Indonesians. Does anyone know what their current plans in Indonesia are. Thanks in advance Doug

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