AVL.V - AVALON VENTURES Message Board

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Gold/Mining/Energy : AVL.V - AVALON VENTURES

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To: Ron Baxter who wrote (514)	2/3/1998 9:47:00 AM
From: DRT	Read Replies (1) of 1474

The drill cores will be at PDAC and have been on display to date at all mining shows and conferences since Phase I drilling. As for speculation, I have seen it all - I have held mining stocks that climbed from $2 to $20 in a few days only to end up where they started because over time they never realized shareholder's expectations (i.e. expectations that were unrealistic to start with and the political/country risk was equally high). In AVL's case, there is both: (1) value - obviously, the BIG Whopper property is worth more than the levels at which AVL shares are trading (even if you use Brenark's minimum $2.40 value (15% discount rate)). (2) speculation - does not appear to be reflected in the current stock price i. Phase II BIG WHOPPER - potential for cesium or tantalum in a separate pegmatite within AVL's property/note the second zone on the left side of the map with an arrow pointing to the west (Jan 29 - Press Release). ii. Wolf mountain - PGE in black sands at surface/trench results are indicative of a hard rock source/the initial property was 3440 ACRES, they then staked an additional 26,640 acres. iii. Gold properties - at $300+/oz, I would expect drilling in 98. DRT

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