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Gold/Mining/Energy : Stealth Mining Corp. [SAL:ASE]

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To: Ward Nicholson who wrote (43)6/30/1997 3:15:00 AM
From: Mike Leonard   of 130
 
The latest from Canada Stockalert:

Stealth Mining (SAL:ASE $0.89)

This is our second Trade Alert on SAL in the past 4wks. First Alert in the
$0.50's was followed by the company acquiring further claims in British
Columbia, sending the price in a matter of days to near $0.90/share
followed by a consolidation in the $0.70's. It is one of the few mining
plays going up lately and one of the few prepared to push ahead with news
and development in a very tough sector. Keep in mind this will be an
extremely volatile sector over the summer months and this play is not
without high risks.

Our previously reliable U.S. sources on Stealth tell us once again of at
least two more material developments to come this week and next. One of
which they would not elaborate on only to say it is "very material". SAL is
a newly listed company with very little stock out, good working capital,
strong management and promotional team, and very good exploration potential.

The company mobilized the drill camp early last week to their Pine
Property, and the price is creeping back up to the high $0.80's again on
good volume. A number of other newsletter writers who have started covering
SAL are expecting additional trading opportunities in 4wks on completed
drilling speculation. We have seen short term targets from these groups
ranging from $1.25 on the low side to $2.00 on the short term high.
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