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Gold/Mining/Energy : Etruscan Enterprises Ltd

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To: Buckey who wrote (164)	12/7/1997 9:30:00 AM
From: Robert Bachynski	Read Replies (1) of 235

I don't think this is the case. I think he went to EET because his potential was better. I think the reserves in Africa are way to low as to what has been released and I also think the price to remove the Gold is slightly less then $200 US/oz. Which would still make a mine in this area profitable at these levels. I am also curious to find out from anyone how much Gold they may think Etruscan has on reserve. I have heard some figures significantly higher then reported. Has anyone else heard anything? Maybe if we compared our notes we could get a better estimate on reserves. This would help me significantly in my investment planning for 1998. Regards Bob

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