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Gold/Mining/Energy : Cartaway resources

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To: hedger who wrote (1415)	1/9/1998 2:27:00 PM
From: Buckey	Read Replies (1) of 2505

Hedger: I feel that this year will be significant but that drilling will likely continue into 1999. I may be wrong but these things do not happen overnight. That is why I feel SVB is a long term buy and hold. And the best place to be for that is with DML. I was very discouraged when it went to 75 cents. The bounce back to the $1.30 - $1.60 range seem much more reasonable. On CWA, I do not understand why they went this route for the jv. Maybe they feel they can use this as leverage and get more for the area in the longer run. I lost money on CWA. in at 25 cents and out at 15 cents. I guess I should consider myself lucky. Because CWA is not part of DML/TEK it is higher risk and maybe higher reward which of course what this whole game is about. I have certain stocks that you will not be able to get out of me with a sledge hammer at todays prices (DML, PLM), CWA just did not feel right to me and also gut feel is a big part of this game too. I'd love to see CWA and any other junior fly up through the ceiling. If I own it even better. I certainly do not like to see stocks go in the dumper and people get burned (check out REO.TSE).

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