STT Sutton Resources LTD Message Board

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Gold/Mining/Energy : STT Sutton Resources LTD

STT 115.66

+0.4%

Oct 31 9:30 AM EDT

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To: Roger Mory who wrote (27)	8/23/1997 12:50:00 PM
From: virginijus poshkus	of 52

Roger, just got back from a long trip. i noticed the tremendous volume coming in. this tells me a deal is eminent regarding the nickel, a much larger gold zone has been established below the initial zone or a takeowver is coming. the gold reserve is somewhere near 6mm but in reality they probably have 8 to 10 mil. at 40 bucks in the ground, you have a 350mm number. the nickel is worth 100mm. so we are looking at a 450mm stock cap. as a conservative guess. i forgot how many shares are out. 30mm shares gives a value of 15 bucks. however the deposit could be worth much more based on economic factors of mining. therefore, maybe a homestake or abx is buying us out, i will gladly take 15 bucks for my 5 dollar stock. anyway you look at it though, buying is coming in, in a depressed gold market. what other gold stocks have showed this much strenght in the past two weeks? next week is something to look forward to. vargas

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