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Gold/Mining/Energy : JAVA GOLD
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To: RonS who wrote (35)10/13/1997 11:49:00 AM
From: Ron Everest   of 121
 
Thanks for the post, I wasn't able to find the article you mention from the San Francisco Examiner, perhaps you could post the URL. All I could pick up was yesterday's news for SF Examiner.

My preference is IPJ. The buying patterns over recent months shows me that IPJ has likely bottomed. Their CU properties may or may not vend easily depending on the price of CU which is suppressed right now. I do like the rumor of a "find" in their Bayanhongor, Mongolian properties recently. This could well be IPJ as they have a number of prospects which fit the rumor. There is supposed to be Mongolian news from the current year's prospecting. IPJ is not totally dead in Indonesia IMO, they are waiting for 7th generation cow's......there was a rumor that the cow's were to be issued in September, now the IR Donna Mason is saying "maybe" October, but nothing substantive. IPJ has a number of excellent prospects in Kalimantan which they are trying to get joint ventures on. IPJ has a lot of cash which is not being spent in Indonesia as they have suspended most of these operations.

I also like JVAG. Note that when the Blanchard article was published over 1/2 of the o/s shares traded. It has now settled in at C$.70 to .74 and is waiting for news. They have set up placer operations in Mongolia also which are being expanded. Costs of production were estimated to be low. I believe that we could hear positive news on these opertions as well. They have somewhat limited cash, however, they have IPJ behind them.

Best regards,
Ron E
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