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Gold/Mining/Energy : Argosy Mining

AGO 85.58

+0.2%

3:59 PM EST

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To: dan wynne who wrote (92)	2/7/1997 8:44:00 AM
From: Steven Coull	of 165

Hello Dan and everyone. Sorry I have been off the thread for a few days. The press release was as expected. We should be really waiting for the complete and proper report of the ore resourse calculations. This is sort of a summary of everything they have so far. I think it will push the price a little. Dan, remember that the drilling in the Pukanec area was only on a 2 sq. meter spot. They have told me that they just plain picked the wrong place to drill and will drill again after they do the proper research work. They are very confident that this region will prove to be good. They have 120 sq. meters of ground to study. Also, they have $14 mil. in the till so an expenditure of $3 mil. is minimum and leaves them in a good cash position. So--- as usual nobody is getting excited about AGO except we few on this thread. WHY? I still have a good feel for this company and will wait. Hope you are all well. Mc are you enjoying the heat in CA. We have snow, snow, snow. Stevie.

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