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Gold/Mining/Energy : PRN-PRISM RESOURCES FLASH

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To: Barry who wrote (30)9/30/1997 3:16:00 PM
From: Coho   of 46
 
Barry, I see growth on at least two fronts. The development at Tonapah will take its course and reflect in higher stock prices on increased proven reserves and higher bullion prices.

The other area is on the development of the new claims. I understand From Earl Dodson(President PRN) there is a prevailing problem with exisitng oil and gas rights on the new claim property. If an agreement can be made with the oil people than a JV with a major is a real possibility. This area is ongoing and success will be achieved in the board room not the site. Mr. Dodson's expertise and experience is with oil and gas companies as he was a VP with a major oil co. This area of the company is a sleeper to most but not to all. Notice the much better performance of Prism than Eastfield who have a 50% interest in Tonopah.( Eastfield was $.14 yesterday.)

Prism also has a 50% interest in the Detour Lake property and several irons in the fire.

While other Juniors are shrinking and hurting, Prism has a dynamic plan and a strong financing investor base with experience and reputable management.
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