Kaiser says good results could re-ignite area play
Lucero Resource Corp LCR
Shares issued 11,624,832 Jun 16 close $0.53
Wed 17 Jun 98 In the News
John Kaiser, writing in a June 13 issue of his Bottom-Fish Tracker,
launches from Lucero Resources' current drilling project to offer reasons
to invest in the Alberta diamond play. "While I think the rest of the
junior resource market has broken through its bottom and will continue to
sink lower, it looks like the Alberta diamond juniors have seen their
lows," he writes. Still, there is cause for concern about the play, he
believes: Satellite players have failed to find kimberlites, and Ashton
Mining has been slow to pursue exploration beyond its core claim block.
Lucero, which has a 50 per cent option on the ITS property from New
Claymore resources, has selected eight priority targets for the ITS block,
which is north of the main Ashton block. Mr. Kaiser says investors can
expect a furry of market activity if the New Claymore group hits kimberlite
on a high-priority target. In the event of no news or bad news, expect to
see the Alberta diamond play head down again. Mr. Kaiser recommended Lucero
in November 1994 at 37 cents, in June 1996 at $1.10, in August 1997 at 77
cents, and in December 1998 at 50 cents.
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