For the benefit of others, here is a "condensed version" of Jay Taylor's hotline message, as prepared by Keith Mckenzie of KMJ Capital Corp., the PR/Investor Relations contact for Kilo:
From: keith@kjmcap.com[SMTP:keith@kjmcap.com]
Sent: Monday, November 18, 1996 3:09PM
To: keith@kjmcap.com
Subject: Jay Taylor's Weekly Hotline
Subject: Jay Taylor's Weekly Message
The following is a summary of the topics discussed on J. Taylor's Gold &
Gold Stocks Telephone hotline for the week ending November 15, 1996.
As of the close of this past week, our stock portfolio so far this year,
excluding our closed positions is up 47. This week gold bullion's price
combined with tax selling and the closing out of some of our big winners,
including BRE-X last week has led our average down during the past couple of
months. But from my view, it is always good to close out major winners and
so far this year, our closed positions have been big winners. Of the nine
stocks we sold, the average gain was 1,329%. Of course most of that enormous gain is BRE-X which we closed out for a gain of 10,900%. Excluding BRE-X our average gain on sold stocks this year has, so far been 133.04%. The price of gold closed this week at $380.20 which is off 2.12% this year.
This week we recommended purchase of LMX Resources (symbol LMX), traded Vancouver at its Friday close of U.S.$ 1.64. Be sure to subscribe to learn why we think this stock could be worth several times its current price by
the end of 1997.
Among our current recommendations, we commented about the following
companies this past week:
ú Altavista Mines - Announced gold assays ranging from 0.09oz. gold/ton to
0.51 oz. gold/ton over widths of 4.92 ft. and 2.46ft. from surface samples
taken on its Montbray property.
ú Columbia Gold Mines - Factoring in cobalt values into this company's Cona
property and the image of a world class deposit begins to seem possible. We
will tell you why we think this is grossly undervalued stock in our December
1996 issue.
ú Jersey Goldfields - Announced some eye popping gold assays from the
Palenque concession in Ecuadore.
ú Jordex Resources - First assays from the Rancho Orkho property in Bolivia
return copper grades of 0.24% and silver of 1 oz./ton.
ú Naxos Resources- It is expected that Ledoux will report favorably on
assays undertaken using the Merwin White method and not so favorably on
Chemex Labs which has been hired by the Alberta Stock Exchange. The
unofficial view is that based on further work performed by Ledoux, Chemex
acted either with gross incompetence or dishonesty in the handling of
Franklin Lake ore. On another front, the recently discovered plating method
is reportedly beginning to recover gold values in line with the arrangement
Dr. Groves made with Naxos (i.e. in excess of 3.5 oz. gold/ton millhead) No
that is not a typo. We mean in excess of 3.5oz. gold/ton! We are hopeful
Naxos recommence trading before the end of the year in which event we expect the stock will skyrocket to new highs! I continue to believe Naxos has the best shot at this juncture of becoming our next BRE-X.
ú Kilo Gold - is among other things a play on Naxos and at its current price
a very inexpensive way to do it. When favorable news is finally announced
by Naxos, the industry will begin to look for other mineral plays comparable
to Franklin Lake and the Naxos Johnson Valley property is one such property.
We hope to tell you about more such proxy companies on Naxos in the next few weeks.
ú Patrician Gold Mines - Announced some good results from its Forest Reef
mine in Tanzania. Surface samples graded from 0.04 oz. gold/ton over 2.04
meters to a high of 0.32 oz. gold/ton over 0.71 meters.
ú Thermo Tech Technologies - I believe this company's share price has turned
around now that the debenture investor predators butchered the stock from
around $2.00 to $0.375. My projections show this exciting stock based on a
PE of 20 times suggest a value of upward to $79/share without enzyme
byproduct sales! Start your subscription immediately and get the November
issue which includes our analysis on this company.
ú Virginia Gold - Assays from the company's Eastmin River property in Quebec
ranged from 0.06 oz. gold/ton to 1.28 oz. gold/ton. Virginia is another
company I think has BRE-X like potential based on solid management and
enormously prospective properties.
ú William Resource Inc. - Production is expected to start up this year on
the company's Ballarat operation in Australia and that the company's RUX
subsidiary is making plans to acquire various precious metals interests in
Russia and Uzbekistan.
All the best, Jay
Keith J McKenzie
KJM CAPITAL CORP.
PUBLIC RELATIONS
keith@kjmcap.com |
