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Gold/Mining/Energy : New Claymore Resources

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To: jerry janko who wrote (41)1/19/1997 2:33:00 PM
From: andrew r harwood   of 531
 
I dont think that there is any doubt that the drilling is going to start on clamores land first and that an announcement is going to confirm this next week from kennecot ,i have talked several times to someone who has a large position in claymore and he is buying more up to 2 $ and expects it to go to 5$ fairly quickly.depending upon what they find or if ashton comes up with something big the sky is the limit in view of the very small number of shares out on claymore .i dont know the number of shares out on troymin or montiello but believe montiello has more than 20 million shares out . the proof of the pudding of course will be in the results but i have heard that kennecot is extremely otimistic .its probably going to take a couple of months before preliminary results are in and kennecot will likely play its cards close to its vest .anyway as with all these small gold and mineral plays it is wise to sell half on a double and ride the rest and thats what i plan on doing selling the first just below 5 $ .it should be an exciting few weeks ,wish i had some more cash i would put it into claymore ratyher than some of the clunker small golds i have right now arh
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