BPI Industries Ltd (BPR-VSE) Message Board

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Gold/Mining/Energy : BPI Industries Ltd (BPR-VSE)

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To: WR61499 who wrote (9)	6/8/1997 6:35:00 PM
From: CLK	of 355

What did you find out from your calls? I would love to hear your impression of the whole situation. The reason I like SIR better than ERB has to do with the level of insider ownership as well as price. It takes less money to acquire the same interest in the play buying SIR than ERB and the insiders own more SIR as I understand the distribution. This means SIR will get special treatment eventually as I have seen time and again in these plays which are split like this, which, by the way, seems to be a common m.o. in the VSE market and in Canadian markets in general. I was told Friday they hope to be at target early this coming week and that we should have an indication of the gas diffusion very quickly after the core is retrieved. I will be surprised if we do not have a hint within a week of core intercept. I originally bought Epic but after visiting with them in Vancouver and having lunch with one ot the chief geologists and talking at length with the other geologist I switched all my position into Safari. Which do you think is a better deal? Did you talk to Ross and Val or just one of them? How do you think they compare with BPI?

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