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Gold/Mining/Energy : Zappa Resources
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To: Alan Whirlwind who wrote (105)6/17/1997 11:19:00 PM
From: Bo Bob Brain   of 174
 
A blessing in disguise?
If the Papa Grande concession did not exist, wouldn't Zappa still be
a bargain at .40 with the Guadualupe, La Plata, and Mollopongo
properties? Looks like a good idea to put in some bids at .30 to .40
and trade this stock to recover some previous losses.

Have searched the Cambior web site and did not find one mention of Zappa.
Cambior states that they are actively seeking companies for acquisition
but have not mentioned Zappa. Why? Perhaps they don't want their
shareholders to find out that they have paid a premium to purchase Zappa
options. Or maybe they don't want to spend the $950,000 before the end
of the quarter for accounting purposes. I still believe that Cambior is
unwilling to commit any more spending to the project until additional
drilling on Papa Grande defines more gold. Re read the latest news release.
Zappa is negotiating an extention of the property payment date. They
do not have to come up with the $600,000 by June 20. Extentions are
common with junior mining companies. I believe purchasing Zappa at these levels
is a tremendous bargain. Is it risky? Absoultely. But when this final property
payment is made, we all will wish we had purchased more stock at this low price.
Zappa can raise the $600,000 without the private placement from Cambior
or anyone else. I'll tell you how another day.
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