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Gold/Mining/Energy : Peruvian Gold Ltd. PVO

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To: Don Plant who wrote (82)12/24/1996 2:42:00 AM
From: tman11   of 892
 
Don, like you, I have done my research as well. I feel PVO is a very good speculative risk with the potential for large and quick gains. I have been accumulating recently at this price because:

1) With 15.3 million in the bank ( News release 23/09/96) the current price is backed by hard cash plus decent properties.

2) There are special warrants available but only @ $6.00

3) There are nil shares available in escrow

4) Large Mutual Fund's bought into the company at $4.50
TD Bank, Dynamic precious Metal Fund, BPI Canadian Small Cap
Fund plus others.

5) Insiders hold little of the 10.8 million shares outstanding (Very difficult for insiders to manipulate stock).

6) At least Two well respected investment newsletter writers are recommending PVO, Ted Carter and John Kaiser. Both of who
have confirmed owning shares in PVO.

7) Any decent result from their adit program in Ecuador will cause a significant change in their share value ( I feel at least doulble). We
just have to wait it out...... it will happen!

I'm holding on for awhile yet!!!!!

Regards,

Trev
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