Vulcan Minerals - C.VUL Message Board

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Gold/Mining/Energy : Vulcan Minerals - C.VUL

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To: Jeff Spurrell who wrote ()	10/31/1996 8:54:00 PM
From: Barry Oates	of 415

Hi Jeff.Found the site and looks like a good forum.Vulcan is excellent buy at this level and with the drill program underway on the west coast of Newfoundland,the stock should move higher went they hit the oil zone.In the 1950's when the Dept of Mines and Energy drilled a test hold in the gypsum quarry,they hit 29 feet of oil bearing conglomerate and stopped drilling.The odds are very good that Vulcan will penetrate the same zone,as they are drilling in the same location.The area is starting to heat up again and there is alot of majors preparing to do more work over the next several months.News on the drill results are expected early next week and if positive the stock should move much higher.The volume has picked up over the last 4-5 trading days and with small float,any buying pressure with move the stock.As you also noted,news on several others fronts over the next several weeks may have a significant impact on the share price.Looking forward to the run.Talk to you soon..

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