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Gold/Mining/Energy : Pacific Wildcat (V.PAW)
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To: Jon Huang who wrote (32)11/5/1996 9:41:00 AM
From: Dav!d   of 47
 
Jon,

I have NOT sold a single share. I have been through this before:
THE QUIET BEFORE THE STORM. They MUST have a news release before their annual meeting on Nov. 14th. They usually release them after market closes.

NOTE: Look for the shares to SLOWLY creep up on low volume. This means that a news is coming. I Think?!?!?!?!?!??!? Just a guess.

You want some news:

I talked to Brian Flower a few weeks ago. They have a few more DEEP drill holes to report along with shallow holes at Tungai, Parabo, and Doup South. They are also doing some ground work at the other prospect 2 Km South of Doup/Bentang. Furthermore, they are doing some exploratory drilling (80m depth) at the Jambi property in Sumatra. Thus, we should be getting SOME results really soon. Also, they want to have that resource update by Nov 14 - expect news on this also.

FINALLY: It appears that Bentang is more mineralized than previously thought. A LOT of their deep hole drilling has centered on Bentang with some VERY GOOD RESULTS. Look at the four BEST deep hole results and these all came from Bentang (on strike with one another).
The geology is still complicated but management feels that they are finally getting a grasp on it. The head geologist feels that there is a porphyry system of Cu/Au below the mineralized deposit at Doup.
WHY IS THIS SIGNIFICANT? I am still trying to figure that out.

Keep spirits high, good luck,

David
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