Mt. West--Best gold/energy combo Message Board

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Gold/Mining/Energy : Mt. West--Best gold/energy combo

MWR 25.79

0.0%

Jul 27 5:00 PM EST

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To: paul s. who wrote (57)	5/25/1998 6:29:00 PM
From: Dale Schwartzenhauer	Read Replies (1) of 77

Hi Paul! Price doesn't tell the whole story, as usual. This Company is in what I believe is the early stage of a turnaround. A geophysical program is planned in the near future for Guinea, about a $50,000 effort, which cost is shared 50:50. That is expected to be followed up in the fall with an initial drilling program. The Elkhorn district has a new participant in Treminco Resources, who have taken over the adjoining property from Newmont. We expect a J-V on the MWR claims in due course, as this is where the big exploration potential lies. There is also a financing planned at the C$0.15 level, which means the stock is a bargain here at C$0.06 - $0.08. It will have to get pushed higher to do anything at C$0.15, so why not be in the front of the line and pick some up here? Either of these two properties can make this Company, both of them can re-ignite the Canadian mining scene, which is sorely needed. Best regards, Dale

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