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Gold/Mining/Energy : Peruvian Gold Ltd. PVO

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To: max gibb who wrote (76)12/19/1996 9:26:00 AM
From: Don Plant   of 892
 
TO ALL: Talked with the company yesterday after I noticed that the insiders have been buying. If I understand things right the reason for the ambiguity in the drill results is because the mineralization is similiar to that of Arequipa's and can only truley be defined by tunnelling rather than drilling. I understand this is what they are doing at present.

Also was told they have 14.5 m in the bank. And are looking at a couple of other properties right now.

Call me crazy but with that kind of money in the bank and the potential of the present property, I think this stock has been way undersold.
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