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Gold/Mining/Energy : Int'l Pursuit (T.IPJ)
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To: Ron Everest who wrote (370)8/25/1997 3:09:00 AM
From: Bear   of 835
 
Does the $25 million include stock in Java? Is it US or Canadian money? Do you think they will have any trouble selling the Philipino
copper properties and what is the minimum you think they will get for
them? Are Pursuit's future COWs seventh generation?
I agree that Pursuit looks extremely undervalued, especially in light
of the latest press release about the Mongolian properties. At this
point, the Indonesian properties could be considered potential icing on the cake, although the market may still look upon Pursuit as an Indonesian play. Selling the copper properties is crucial. If they
do, they will have money for years of development on their other properties and for additional acquisitions. If they don't, they might
run out of money and have to dilute the stock or their ownership
of the other properties. The price of copper could be a big factor.
It would be helpful if it stayed over a dollar.

Bear
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