Phoenix Gold Resources (V.PHO) Message Board

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Gold/Mining/Energy : Phoenix Gold Resources (V.PHO)

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To: Jeff Green who wrote (53)	6/17/1997 9:20:00 AM
From: Ron Struthers	of 285

Jeff, It is difficult to set price targets for a stock like this as much is dependent on the exploration results. In the short term, the stock should go to previous highs at $0.50 and with good news break above this into a higher trading range. I expect news on the platinum or silver property could do this. Again it depends on this news how strong the stock price will be and of course there is a posibility of disapointment. At these levels there is no expectation built into the price and downside appears to be $0.30 Management and Insiders hold most of the stock. This speaks strongly for their expectations. A good sign for us Ron

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