1 Million oz. and up. Message Board

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Gold/Mining/Energy : 1 Million oz. and up.

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To: Robert Dydo who wrote ()	10/22/1998 6:43:00 AM
From: davo	of 144

Taipan resources Australia (ASX code: TAI) This may not fulfill your criteria entirely but the facts are compelling: Gold explorer in Pilbara region of north west Australia which seems to have found a rich deposit. Last resource 725000 oz, rumoured upgrade due next week to 1.2 million. Grading 8g/ton. Speculation on 2-3 million oz deposit. Mineable cheaply by opencut. Market cap approx $A25 million( about $US21 per oz for 725000 ozs).Heavy buying for 6 weeks which has pushed price from 8c (Aust) to 17c today. Probable takeover target. Broker estimate worth 29c (aust)per share @ 725000 ozs. 189 million shares 189 million options 189 million 1c part paid shares. For more detailed information see: webexpress.net.au

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