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Gold/Mining/Energy : Desert Sun Mining Corp (DSM-V)

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To: Essam Hamza who wrote (6)3/5/1997 4:58:00 PM
From: Joe Veres   of 42
 
Essam,

Having looked into Desert Sun a little deeper, I believe part of the misconception lies in the fact that the so-called 5 million ounces of gold in 55 million ounces of ore is only an estimation. Further drilling is needed (getting underway shortly) to prove up some or all of those reserve esimates. From what I can gather, DSM has proven estimates of somewhere around 450,000 ounces. That amount in itself is not too shabby and definitely should command a higher share price. If the upcoming drill program can get some decent lengths of core with 2 to 3 grams per ton, we should really see the share price rocket as the tonnage is definitely already there.

Joe
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