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Gold/Mining/Energy : Absolut
ALR 50.990.0%Oct 19 5:00 PM EST
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To: Harley who wrote (97)2/16/1998 4:58:00 PM
From: JP  Read Replies (1) of 128
 
Interesting tidbit. Go to that link Jesse posted to www.newclaymore.com and look at the map of the property. See the square section that Absolut Resources just recently negotiated. It is closer to the action than Montello, has only 22 million or so outstanding and trades in the 20 to 30 cent range. I spoke to Linda the IR lady in Calgary. She says that they finished the air mag and are doing follow up ground work. She says that at the moment there are no plans for drilling but I have it from a good source that they will be drilling in May. Linda says they are quite certain that they have kimberlite from the work carried out to date. Absolut is not new to this like Montello, Absolut (ALR) had ten diamondiferous kimberlites in the NWT but none were commercially viable. At least these guys have the experience! If one wishes to diversify - this may be a good one. If you compare the charts -ALR is still sleeping. JP
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