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Gold/Mining/Energy : AVL.V - AVALON VENTURES

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To: CIMA who wrote (1350)7/6/2000 8:49:15 PM
From: Elizabeth Andrews  Read Replies (1) of 1474
 
I'm long SRU but it's only a trade as the location of the property is problematic. AVL is a buy in my opinion as they have several good properties. They need, as I've said before, a partner who can finance the development of Separation Rapids. I'm not sure why this hasn't happened but if they got into a deal on a property with an a consumer of the rare metal then this should trigger a valuation change, no?

Also, that news release on Seagull is intriguing. I've reread it a few times and I think they are bewildered by the style of mineralization in that setting. It clearly needs a few more holes.
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