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Gold/Mining/Energy : Int'l Pursuit (T.IPJ)

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To: Ron Everest who wrote (538)2/10/1998 2:01:00 PM
From: Abner Hosmer  Read Replies (2) of 835
 
Ron -

I share your confidence. Furthermore, it would appear that the seven intrusives that comprise the Mahakem cluster reside on Mahakem East alone. Apparently, there are 3 other known systems on the Mahakem cow's in addition to the Mahakem cluster:

>>Airborne geophysical surveys involving magnetic and radiometric components were completed over Mahakam east in May 1997. The interpretation of results, coupled with our known geology indicate a large buried central intrusive ringed by six subsidiary, high level porphyry intrusives (the 'Mahakam Cluster'). The prospective area is 12km in diameter and to date only two porphyries have been partially sampled (i.e. the Manto and Tibilhi). Three other large mineralized porphyry systems have been identified and are currently being valuated across the 110km length of the Mahakam CoWs.<<

I finally doubled my position last week after watching the stock double since the time that we noted its unusual strength. I am looking for the stock to pop if we get our cow's approved. Let's hope that Indonesia can maintain a level of stability.

best regards - Tom
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