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Gold/Mining/Energy : Kensington Resources
KRT 26.01+2.2%Feb 4 3:59 PM EST
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To: Tracy Vonah who wrote (27)5/16/1996 5:51:00 PM
From: mf160   of 5597
 
Called Kensington
at about 2 pm I called Kensington.
Spoke to Terry in investor relations
this is what they said
they were surprised at the drop and expected to gain as much
as 2.00 after opening
told me they were happy with the current assay results and were
compiling the data the assay results should be out tuesday
remember monday is a holiday in this great country
told me they still forcast a price of 5.00 for the end of may
was told that the clearwater propertyy is a splitting image of
Voiseys bay in structure
in the 60's there were 30 ft holes drilled incountering
Ni,Co and Cu levels were not economical but such shallow
depths mean nothing
the air magnetics show a very large structure to be drilled in the summer
the mine just purchased will be brought on line
can produce $2 mil per year and are considering raising that to
4 mil ( I like producing companies check my thread on Ariel and look what happened today)
Mike if you are wondering I have a good feeling about this guy
Terry quoted me some numbers concerning value of karats/ton
but I can't remember them
anyway if this makes any difference I got shaken out but after
talking to the company I bought back and more. Easy money for a broker
good luck
Moreno
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