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Gold/Mining/Energy : Donner Minerals (DML.V)

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To: Buckey who wrote (4976)6/3/1998 12:43:00 PM
From: VAUGHN  Read Replies (1) of 11676
 
Hello John

The simple reality is these companies shares are selling at extraordinary discounts when the only resource play on the market this year other than possibly SUF, is only 2% into their drilling program on an ultramafic target similar in size to the one which hosts the largest and most valuable nickle deposit in the world.

Everyone trying to get back in once a NR is out will be pushing prices above their April highs before they even trade (with the possible exception of plays on the ASE).

You can also bet that institutions and American's have been loading up during this crash. These companies will be even more tightly held than before and leveraged for even wider price swings on news or duldrums.

From now on, I don't think this play will look so much like a rollercoaster ride as the read out on Richard Nixon's lie detector test.

Regards
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