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Gold/Mining/Energy : War Eagle Mining...[WEM:VSE]
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To: Ron Waller who wrote (41)8/20/1997 10:02:00 PM
From: Ron Waller   of 235
 
FWIW: Here's what a GURU said about WEM exactly 2 weeks ago today!!!
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WEM-V is a highly volitale penny stock that usually trades
between $3.00-5.00 . Whenever the price drops to the current
50 cents level there is usually a big runnup.
The stock has been promoted before so expect the same in the future.
The main asset is the LA FORTUNA gold property in MEXICO with
drill indicated possible reserves of 500,000 ounces of gold
and 14 million ounces of silver .
The company feels this could produce $5.65 million a year after
tax or 33 cents per year ,which with a pe ratio of 20 could
mean a price of $6.60 a share.

The potential for the property is 1.5 million ounces of gold and
60 million ounces of silver.

WEM-V also has a very excitting diamond property in Saskatchewan
in a joint venture with Kennecot .

PLEASE CALL ANDY HAY at 604-606-7979 or U.S toll free 1-800-877-1626

I feel that WEM-V offers better risk reward ratio than any other
penny stock at the present.

please look at the chart ,call the company and do your own
due-dilligance.
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Interesting that he knew about this stuff 2 weeks ago. Could we be ready for a major run-up. Did the MM's get in today with all that volume? The chart says it all IMHO.

Cheers, Ron.
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