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Gold/Mining/Energy : Canadian Gold Stocks under $5
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To: Vartan who wrote ()4/22/1996 11:46:00 AM
From: pjd22   of 198
 
Hi Vartan,

Did you notice that Brenzac changed their name to Borneo Gold (BNO). Since you posted your message, BNO has traded as high as $3.95 and Insular as high as ($1.70). Were you aware that these companies have common management. As well, Inlet (INS-$.57) and Dragoon (DGN-$.36)are tied to this group. They might be worth watching as BNO and ISX both started in that price range before promoting and financing....

My understanding is that BNO and ISX have Gold properties next
to the BRE-X finds in Indonesia. The other strength is that they have been in the process of securing 'Contracts of Work' (COW's)with the Indonesian governemnt for at least three years and have been successful in acquiring these COW's.They have also secured financing to proceed with testing. BNO and ISX have been relatively active in the recent past showing some good gains and decent downward resiliencee.

Do you have any information?

Thanks,
Peter DiPietro
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