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Gold/Mining/Energy : Mt. West--Best gold/energy combo
MWR 25.790.0%Jul 27 5:00 PM EST

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To: Robert McCullough who wrote (32)11/2/1997 3:44:00 PM
From: Dale Schwartzenhauer  Read Replies (1) of 77
 
Robert: the Elkhorn District is getting very close to heating up in a major way. One of the key property blocks is turning over to a more aggressive operator and this should serve to make the MWR ground (270,000 ozs AU) more important. This is especially true since MWR's ground has the more significant exploration potential. So, despite the fact that the stock is dragging around C$0.10, the deal we're expecting could easily put the stock up fivefold in the early stages. Longer term, an NSR could bring in big cash flow over a period of several years. Thus, I expect a market change in the near future and would encourage purchase in this range.

Best regards, Dale
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