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Gold/Mining/Energy : ATLANTA GOLD CORP. (TSE:AAG)

TWG 3.480

+1.2%

Jan 16 9:30 AM EST

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To: Ronald P. Margraf Sr. who wrote (340)	3/1/1997 10:52:00 PM
From: ricckk	of 495

Ron, I spoke to Herman tonight. He just got back from meetings in Denver and Reno. Herman met with an engineering firm in Denver to discuss the Atlanta, Idaho property. There is 1.35 million onces of proven and well defined gold reserve that will cost between 230 and 260 $US to produce. The low price of AAG is mainly due to not much publicity. The opportunity is good. Herman says that there is little downside and good upside. Friday March 7, AAG will be meetig with mutual fund companies and their PR company Barnes. AAG will also have a booth at the PDAC on the main floor. That is all Herman told me. He did sound very enthusiastic when speaking to him. If I hear anything of substance, I will post it Ron. Cheers, Rich

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