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Gold/Mining/Energy : AMT International Mining Corporation

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To: Steve Palmer who wrote (3)	1/16/1997 11:15:00 AM
From: crgreen	of 29

Hello Steve and Ron: 2.1 million special warrants at 1.25 announced in news release this a.m. In Dec they announced authorizing Marleau Lemaire to sell 4 to 12 million, hopefully the market had corrected bracing for a dilution of 12 million shares and the 2 million announced will be positive news! AMT says the money will be used for the manitoba prop, at Phelps-Dodge (and I have a feeling we could see some MORE big results there) and to speed up the feasability study, all good news. Market is reacting quietly this a.m. but I see that Marleau Lemaire is doing some buying at 1.28 and 1.30. House 11 yorkton has been selling the past few days and continues today. Any thoughts on this? Good Luck CGreen

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