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Gold/Mining/Energy : Delgratia Mining (DELGF)

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To: mikesloan who wrote (458)5/26/1997 9:52:00 AM
From: Ron Struthers   of 532
 
Mike, obvious not a great pick. The junior market has gone thru a hell of a correction and anyone that tells you some of their picks aren't way down, either does not have many or is a liar.

My 23 picks in my newsletter are down an average of 3% this year. This includes MAR. I consider this pretty good compared to the benchmarks. Still not very happy though.

As for MAR, we all know why the fallout. MAR is now a speculative play on how the recent financing is resolved. I think MAR has come up with a fair and attainable solution. If it is approved and I stress 'if', MAR could move closer to the $2 range and who knows, like any junior with many properties, a discovery can move the share price.

If MAR's plan is succesful. How many other juniors will you find out there, priced under $1 with over $60M in the till?

I think my newsletter has outlined the situation clearly. Usually out here on SI or rumours or what have you, you only hear bits and pieces.

I would be happy to email you my last updates on MAR if you wish. Just send a note to resource@sentex.net

Ron
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