AVL.V - AVALON VENTURES Message Board

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

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To: Sam who wrote (664)	4/7/1998 12:14:00 PM
From: DRT	Read Replies (1) of 1474

7 Page NEWS RELEASE on BIG WHOPPER is out(includes drill assays, drill location data and 2 maps)! The news speaks for itself, this should create BIG interest: - Resource estimate to increase - Annual netback = US$9.6 miilion or CDN$13.5 million - Petalite will be produced (US$5.9 million)/92% recovery rate - Feldspar will be produced (US2.7 million) - Tantalum will be produced (US$1 million) Note: This is the minimum (and just the beginning) - ADD: Ta exploration potential (drilling resumes in May), cesium and rubidium credits, European market demand, potential for production from tantalum-rich zones in addition to it being a by-product of petalite/feldspar production, etc. Its not a stretch to say that the addition of feldspar and tantalum production will effectively mean petalite can be produced and transported to market at zero cost. These results have certainly exceeded my expectations (Petalite, Ta + feldspar production - the analysts may have to revisit their price targets!). DRT

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