Hi Vaughn.
Thanks for the info. Do you know yet if SUF is planning a drill program at Yamba Lake?
Here is a recomendation from JK FWIW.
Regards, Andy
Island-Arc Resources Corporation -
Kaiser says buy -- drilling could ignite stock
Island-Arc Resources Corporation
IAR
Shares issued 8,583,285
1999-01-06 close $0.36
Wednesday Jan 6 1999
John Kaiser, making his recommendations for 1999 in the Dec. 11, 1998
Bottom-Fishing Report, says Island-Arc Resources is a medium-priority buy at 25
cents. Mr. Kaiser says Island-Arc spent the last market cycle as a merchant
banker to Larry Barr's stable of companies, all of which have become rollback
candidates. The letter writer says, however, that Island-Arc now is Mr. Barr's
priority, and what makes it a good bottom fish is its 10.62 per cent interest in the
Back Lake project in the Northwest Territories. At Back Lake, SouthernEra has
spent $4.5-million chasing the source of the diamondiferous Yuryi kimberlite float
in the Munn Lake region. Although Island-Arc has no working capital, "a
$1.5-million drill program planned for 199 could ignite this play," Mr. Kaiser
contends.
(c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com
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