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Gold/Mining/Energy : Phoenix Gold Resources (V.PHO)

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To: Richard Mazzarella who wrote (150)12/15/1997 11:37:00 AM
From: Ron Struthers  Read Replies (1) of 285
 
Richard, I am still positive, have PHO as a hold. The PGE results were dissapointing but the Utah silver property could be a real winner.

I am looking to see production from this, as this would give PHO the $$ to explore the potential without a lot dilution, which would be necessary in todays market

Silver will be the place to be in 1998, This is good if PHO starts producing and drilling, after the known silver producers get run up in price the exploration plays will move next.

In general I expect most mining stocks to firm up some in the new year

Ron
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