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Gold/Mining/Energy : Alta Gold

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To: virgil vancleave who wrote (147)	5/16/1997 7:07:00 AM
From: Bucky Katt	of 749

Virgil-- I talked to Margo @ Alta, and she would not say the real reason for the paydown of the Copper Flat note. I'm guessing that permits are coming sooner than later, otherwise they would have no reason to do what they did. I don't like the fact that right away they are adding .03 to earnings on the adjustment. It seems a cheap way to pump up the numbers. I'm sure it all has to do with the deal with Gerald metals. It looks like they are positioning the co. for some serious growth, and I think the big Money will come in very soon. I agree now is still a good time to buy, but I liked it a lot better @2-11/32! WJ

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