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Gold/Mining/Energy : DAYAK GOLDFIELDS INC. (DAYK)

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To: Dave R. Webb who wrote (12)3/2/1997 4:45:00 PM
From: Ron Everest   of 20
 
Dave: My opinion of the releases is also upbeat. Glad to see that IPJ/DAYK and JVAG are diversifying more. Now in Indonesia, Phillipines and Mongolia.

A very positive aspect to me was that the leads came through Armand Beaudoin who appears to have the sources for excellent properties. Dattels and Burton are very astute also. Am believing that this is an excellent move for these companies. Market will tell us this week with its trading.

Remember that IPJ/DAYK are about to release drill results for Sebuluh hill which were described by IR's as "very exceptional". Also, drill results to come for L-N. We will soon have additional information on the Hinoba-an CU property in the Phillipines which was at 200million tons @.47% CU and expected to now be 400 mm tons.

The next two weeks should be rewarding.

Best regards,
Ron E
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