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Gold/Mining/Energy : New Blue Ribbon Resources Ltd (NBL.V was BLO)
NBL 8.4600.0%Oct 6 5:00 PM EST

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To: Chris A. who wrote (43)10/17/1996 9:18:00 AM
From: Ron Pitts   of 407
 
Christopher, As I see it the crux of the matter is for BLO. to find a Jv. partner, soon the longer it takes the more of the play %wise they will be giving up,Personaly I look for golden star to come forth.If they must go to the equity market ,at they current share price we are talking deluition city, It is possable they will see 15 cents US. before tax selling is over, I think however the company will surive they have to good of a land package from what I see, we indeed to need to see some good consistent trenching and augar drilling results soon! Ron Pitts
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