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Gold/Mining/Energy : Golden Arch Resources---GAI.V
GAI 8.8000.0%Mar 22 5:00 PM EST

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To: JR. who wrote (151)6/23/1997 10:18:00 PM
From: JR.   of 359
 
Sunday reached 11030 feet, Soris River or INTERLAKE formation.Expect a report Tuesday. For a comparison success story you might look at Cavell Energy KVL on the Toronto. Company has 25 million shares and started at $2.85 . After a couple of Red River wells the stock shot past $5.oo. If this stock isn't over two dollars by the fifth well it will be taken over because of it's share of land holdings. A lot of would be heavy weigths got into this game a little late to get some of the better parcels .Now one watches and picks off an early success story before the price appreciates(my prediction by well #2 someone will start to pay attention).

Cheers,
JR.
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