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Gold/Mining/Energy : ISLAND-ARC RESOURCES IAR-VSE

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To: Paul Bilecki who wrote (168)3/24/1999 7:24:00 PM
From: VAUGHN   of 186
 
Hello Paul

Good choice and I have been proven wrong before, but I can't see any selling pressure taking it down that far. On the other hand, weeks end near months end might see a sell off.

On a spread your risk basis and so that all your chips are not all on one horse, rather than loading up exclusively on this play, why not look at MIY or TQY on SUF's other active play Yamba Lake? MIY has retraced some of its gains from $.17 and has settled in at $.12.

While I remain convinced SUF will find attractive pipes at Munn/Margaret, common sense would dictate hedging your bets.

Have a good one and good luck

Regards
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