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Gold/Mining/Energy : Lucero Resources
LCR 37.98+0.7%Nov 25 4:00 PM EST

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To: smokey w. who wrote (262)10/5/1997 6:05:00 PM
From: jerry janko   of 703
 
Hi smokey w.,

My best recollection is that it'll be 98 before we drill on our mexican properties, we are still waiting on an announcement about our chilian properties, our drilling budget for 98 is around $2.5 million dollars - sounds very aggressive and the voice in my ear tells me the share price of LCR for 98 could range between $5-7 next year with any success. Kaiser likes lucero and is buying yesterday, today and tomorrow, Canadian speculator like lucero, I have 25,000 shares but will be buying a lot more in the coming months. Over the years I've made a lot of money on lucero by trading the stock and see opportunity to continue that trend. Lucero continues to be at the top of my list of undervalued stocks. cheers, jerry
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