ORCANA RESOURCES -v-ocn /Hot MEXICAN PROPERTIES- Message Board

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Gold/Mining/Energy : ORCANA RESOURCES -v-ocn /Hot MEXICAN PROPERTIES-

OCN 38.26

-0.2%

Oct 23 3:59 PM EST

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To: tanoose who wrote (30)	2/19/1997 2:23:00 PM
From: Kent	of 84

Orcana--Break-out soon? Orcana insiders appear to be quietly picking up stock on the open market at super bargain prices Deals are churning in the back rooms on their big copper/molybdenum discovery in Creston , Mexico which experts had assigned a stock value of 20 times the current trading price alone.With molybenum prices rising nicely recently the deal that is now being negoitated will be even sweeter. Orcana is a great stock with the copper/molybdenum discovery but its best kept secret is its ALTAR , Mexico property which just happens to suuround in horseshoe fashion the recently announced new gold mine being established in 1997 by Newmont Mining with 4,000,000 ounces of gold already proven .Orcana is sitting on the proverbial gold mine for sure and they have been very quiet about publicizing it. It is just a matter of time before Newmont comes knocking . You may also be aware that Valdez Gold are about to drill on property adjoining Orcana and Newmont. Also Orcana will be doing its own exploration soon , although it is almost certain they have a major gold resource on their property which could be sold or joint-ventured , saving Orcana exploration dollars. Orcana does not want to dilute its stock value with a private placement to raise cash for exploration. Yes , real deals are in the making and as there is substance to their properties there is no need to promote publicly at this time. Don't get shaken from this stock and review the company for a possible average down in price if you are already a shareholder like myself. I am betting on a price of $3.00 to $5.00 in the near future . Call John Tait at 416-364-2015 to discuss the company and its prospects. Ask him to fax you a copy of their property map in ALTAR Mexico ( their location versus the Newmont gold mine is unbelieveable) For some reason I detect a reluctance by him to hype the Orcana and its assets at this time and it could be a strategic move not to promote the company with real deals in the works. I would welcome your assessment of the company and its prospects . In the very short term , I anxiously await the outcome of negoitations , and results of the Valdez drilling and a possible promotion program , when the timing is right.

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