Laverton Gold VSE:LAV Message Board

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Gold/Mining/Energy : Laverton Gold VSE:LAV

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To: Morgan R. Naidoo who wrote (22)	3/7/1997 11:49:00 PM
From: burner	of 45

Morgan, I received a research report from Goepel Shields re LAV a while ago, if I haven't posted it yet, here it is now: Briefly, here are the highlights: First gold pour @ Rawas at end of January;The resource of 500,000 oz is contained in 5 pits; this is based over 7 year mine life; recoveries of 94% gold & 89% silver; Granted a 2% NSR to Repadre to over $6 million cost overrun; hedged gold productio for first 3 years @ US$406/oz. The report goes on to mention that they are carrying on exploration on other areas of the property and results include stream samples yielding up to 33g/t gold within the newly acquired COW 2. Their NAV range for LAV is C$0.28-C$0.95 per share and rate LAV as a speculative buy. Goepel Shields: contact Rob Klassen 604-661-1785 Martyn Element: contact Robert Mathews 800-505-5655 Dan Byrne

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