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Gold/Mining/Energy : Fenway Resources Ltd. (FWY@V)

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To: Adrian Elbers who wrote ()11/20/1996 10:18:00 PM
From: John A Weisgerber   of 135
 
Adrian , Donald et. al. Talk to the company and get the full history and future expansion plans. You can't grasp the scope of this project unless you do. The initial construction of a 2mil ton plant is only the beginning! The long range plan is for expansion up to 10 or 12 mil. tons! If you take their news releases and calculate their potential earnings on the future exprapolated expansion and use a conservative PE of 10 , well you get the idea. Lets all hope the project financing goes ahead soon! Merry Xmas! Regards John
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