Mt. West--Best gold/energy combo Message Board

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Gold/Mining/Energy : Mt. West--Best gold/energy combo

MWR 25.79

0.0%

Jul 27 5:00 PM EST

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To: mike timoranszky who wrote (13)	6/15/1997 10:42:00 PM
From: Dale Schwartzenhauer	of 77

MWR has two large projects--a 30% interest in Bacon Island, and a 50% interest in the Elkhorn gold district with Newmont Gold as operator. The Mt. West side of the property has 270,000-280,000 ozs gold, with at least three unexplored mineralized "pipes" extending to depth. There is further potential in a possible deeper skarn deposit that is believed to be the origination of the protruding pipes. If so, this makes the property a potential multi-million ounce deposit. Excess milling capacity should be available in the vicinity, thus eliminating a good deal of capital cost and start-up risk. The market itself is notably thin; if one can get positioned in the low $0.20's, I think a double is fairly easy without much fundamental improvement. Longer term, I feel it's a 10:1 play at least. Dale

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