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Gold/Mining/Energy : TVI Pacific TVI (TSE)

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To: Tim Cruise who wrote (58)	10/25/1997 1:20:00 PM
From: Gerry	Read Replies (1) of 152

Tim, I got suckered into a reource play again. Talked to our resident IR manager at TVI, Cyrus, and asked him about the future of KINGKING. The response I received was that more recalculations are being done to optimize the study. No mention that 2 weeks later the deadline for a decision is nearing. I am not happy with junior mines in general. The amount of risk is simply not proportional to the potential gain. There are no predictable parameters to calculate the potential value of a resource that might give us a basis for a reasonable stock price. It's all about promotion. Better to stick to a company that earns money. I still like TVI for their up and coming mine in Canatuan (Ifff everything is really approved????, as Cyrus says) and the drilling operation is a plus. Just wish I had done more research. Regards Gerry

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