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Gold/Mining/Energy : MONETA PORCUPINE ME.t

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To: Crocodile who wrote (252)6/22/1997 5:58:00 PM
From: John Osborne   of 440
 
Bev, Denis, et.al.
Spoke to the company this week. Found out the following.

1. New geological interpretation and plans is being prepared by Barick and will be presented to ME in July.
2. New resource calculation will be included.
3. Promotional support will be given once above is released.

Keep in mind that ME has warrants coming up in July at .75 and ME has always had its warrants exerised.
Even in this slow junior market a resource calculation of 1 to 1.5 million ounces should be able to get the stock to .70+ level.
Regards,

John
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