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Gold/Mining/Energy : V.FWY (FENRF) - FENWAY RESOURCES

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To: donald sew who wrote ()11/13/1996 12:07:00 AM
From: Geoffrey P. Mason   of 15
 
Don - I have been an investor in Fenway for the last four years. I am
impressed with the management. Each step has been carefully developed
and, apart from a few over-optimistic time projections, right on target.
A decision on an Environmental Compliance certificate is
apparently to be made by the Philippine Government in the next few days and, if this is favorable, the financing should be able to be announced. I believe the target date for breaking ground is early January. With a projected first year's production of two million tons
one would anticipate a rapid increase in the stock before this Christmas.

As you say, to those interested, DO YOUR HOMEWORK. The necessary information is available.
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