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Gold/Mining/Energy : Golden Raven Resources Ltd (GVN)

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To: Taylorm. who wrote (2843)2/15/1998 7:13:00 PM
From: Patrick Ives  Read Replies (1) of 3155
 
Taylorm,

I talked to Bill McKee a couple of weeks ago and he told me they were still shoring up the entrance to the mine. He said that it had been caved in at the entrance but they were proceeding nicely. He said the tunnels look pretty good but they won't know until they get further into the mine how much shoring up they will have to do. He had just returned from the mine and was very optimistic with this venture but he said it is a slow process as they have to be extremely careful. He said they have the capital to carry on with the exploration.
I know we have had to be very patient with this stock but I think it will be a few more months before there will be any news on the project. I know I will not be selling my position at the present price and all we can do is hope that the speculative market picks up. I have seen these markets change in a hurry and if there is a pull back in the major markets we might see a quick movement to the speculative markets. It looks like the POG has bottomed in the $300 range so we need a rally in POG also.

Cheers,

Pat
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