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Gold/Mining/Energy : Peruvian Gold Ltd. PVO

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To: Eric Rojas who wrote (59)11/25/1996 12:35:00 PM
From: Robert   of 892
 
Hi Eric, they had very good trenching results on the property earlier in the year, and that prompted their sharp price move to $7. They drilled 9 holes in the vicinity of the high grade trenches. I'm not sure about the other 20 holes, but I would imagine they are on the trenches that were dug. Again, I'm not overly optimistic about the next set of results. I now view them as a longer term play. I bought more to avearge down a bit. My average price is about $2.30, so you can see that I might be waiting a while. But who knows, some of those 20 holes might just give the unexpected. We'll see. Regards, Robert
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