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Gold/Mining/Energy : Consolidated Envirowaste-CWD.V
CWD 1.330-4.3%Jan 9 9:30 AM EST

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To: MICHAEL L. MORRISON who wrote (5)2/20/1997 2:19:00 PM
From: Bill Rogers   of 34
 
Hi Michael
There is no question that the rev will be up by 30-40% and this should drop to the bottom line in the 15-25% range. Management and most of the big money will only make money at options in the 1.50-1.85CDN range. There is not that much stock on the market so the options will not dilute the good news that much. What is your opinion? Year end report just out if you have not received one they will be happy to send you one on request.
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