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Gold/Mining/Energy : pug puregold resources inc tse
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To: Colt who wrote (171)3/6/1997 9:20:00 PM
From: Famularo   of 190
 
Ladies and Gents! If you recall my earlier notes, I had mentioned at the time ***Pure Speculation**, re more kimberlites and staking/joint venture deals. The staking is one way PUG may raise some money by introducing additional potential players to the area by selling these properties at a premium upon positive results from their existing kimberlites. This is one of the things that happened to Diamet. They picked and kept the best properites and sold off others which didn't look promising. This like you know heated up the whole NWT area. If/when more NWT players come in, and their capital value increases due to the specualtion of diamonds in Alberta it will force the Alberta leaders ACA/PUG stock value to higher worth.
There will be swings in ACA/PUG prices because people are nervous and that is normal. The reality is you must give these guys some time to do their homework. Ashton is one of the top diamond producers in the world. Myself and a few people I know have trust in how they are proceeding with their direction. As well, they are getting expertise coaching from Ashton Australia.

As for Don Sheldon, he knows how to play the game. I can assure you he learned from the NWT plays and will do his best to market this play. Therefore, **my opinion** hang in there for now, buy long and hope ACA/PUG become another Aber/Diamet/Southernera. Please be cautious that I am not saying this is a definite economic diamond mine but I feel today as good as I felt with other diamond stocks during the past 6 years. Some found economic diamonds and some did not. Oh well, happy investing.

ffamular@netcom.ca
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