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Gold/Mining/Energy : Jersey Petroleum -JPI (was Jersey Goldfields -JRG)

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To: Dan P who wrote (2)10/30/1996 8:06:00 PM
From: burner   of 100
 
Dan,
I spoke with Jim Yates, a director at Jersey, and if "up front straight talk without hype and promo" sold shares I would buy a million if I could. This fellow is a class act and I always walk away from a conversation with him better informed and at ease with my investment.

I asked about the "strategic Investor" and it is written by Jim Davidson. I have yet to see his recommendations but I will search for his newsletter and if successful will post here.

Mr. Yates said the drilling at La Envidia is completed (11 holes) and assay results will probably be available in about 10 days. Drilling is continuing at another location and I believe is due to start at Pilzhum on Monday. This should supply investors with a stream of news shortly.

I noticed that the Hard Rock Analyst gove JRG a BUY in their Aug 31 editiion. C.M. Oliver recommended it as a speculative buy with a 12 month target of $4.00. (February 27)
I don't know what their current rating is but if you were interested their phone # is 604-668-6700 (Vancouver).

Dan Byrne
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