Mt. West--Best gold/energy combo Message Board

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Gold/Mining/Energy : Mt. West--Best gold/energy combo

MWR 25.79

0.0%

Jul 27 5:00 PM EST

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To: paul s. who wrote (36)	11/11/1997 3:17:00 AM
From: Dale Schwartzenhauer	Read Replies (1) of 77

Paul: there are about 10.6 million shares outstanding. The Co. holds 100% interest in a 270,000 oz gold resource, adjoining claims drilled by Santa Fe which went to Newmont in the merger. The latter is in the process of selling these claims to another Montana gold producer, after which, we expect a new joint venture encompassing the Mt. West claims. The Newmont claims hold an estimated 1 million ounces, but are believed to be fully delineated with that reserve. The MWR property on the other hand could host about 1 million ozs with deeper potential for a large source deposit. So it makes sense for these properties to be developed together. Marketwise, the stock continues to trade around C$0.10 where I think it will be viewed as a steal. Dale

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