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Gold/Mining/Energy : Opawica Explorations

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To: bigdude who wrote (25)	3/5/1997 10:47:00 AM
From: Tim Herbert	of 43

Hi bigdude..that old map on opawicas site is not what they (OPW) are talking about. It is that half-moon anomaly that is currently the target. There is little doubt that it extends onto OPW's ground. The question is do the 10g/t values continue and to what extent does the trend continue onto OPW's ground. Ashanti/OPW will certainly find out. I do wish they would get rid of that old map and post an updated one, as the new data from hixon/gnu has certainly changed the geologic outlook for that area. With 6.3 mil shares out and 40% of this play, OPW is a good bet around $3.00. Also with Ashanti as the driller, I think it is safe to say that there will be no problems getting the neccessary permits to drill as has been a fear on the Hixon/GNU threads. Ashanti is THE big player in Ghana and is owned partly by the Ghanian Government. This permit thing is probably what is keeping HXG/GNU below $10.00. I don't want to get into a pissing war about who is a better play right now because I feel all three are going to take off in the future. For all we know OPW may have most of this deposit. They just haven't trenched/drilled as of yet like HXG/GNU. Time and drilling will tell all. Regards Tim

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