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

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To: Flavio Volpe who wrote (559)3/6/1998 8:07:00 AM
From: DRT  Read Replies (2) of 1474
 
AVL will undoubtedly get the 'maximum' exposure possible at PDAC - speaker at the "new discoveries" technical program, invitation only exhibitor at the 'core shack', OGS exhibit will profile Separation Rapids - obviously the Big Whopper discovery will be the focus, the list of attendees associated with the discovery, timely press on the deposit, etc.

I agree with MICAP's response re. its too early to calculate any numbers on Wolf Mt. While the surface indications are positive, only drill core assays can allow you to start putting numbers on a potential discovery. As for timing, if you are considering buying - just my opinion, but I would not be caught on the sidelines! Assays are pending on both properties and its fair to say that the company is certainly undervalued based on the Big Whopper petalite discovery alone. Any positive news on the exporation side - Separation Rapids or Wolf Mt. and who knows!

The fact that AVL has moved up the last 2 days - against the market trend - is something I have not seen in quite awhile. The house positions over the last 30 days are another positive (eg. DS +45,667, Green Line +43,750, Canaccord +30,800, CT International +23,660, etc.). There were only 16,100 short position as of February 19th - any shorts will be scrambling to cover on news.

DRT
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