Exploratory Mining Companies getting ready to EXPLODE Message Board

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Gold/Mining/Energy : Exploratory Mining Companies getting ready to EXPLODE

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To: John Stella who wrote (96)	5/14/1999 8:04:00 PM
From: kevin joseph	Read Replies (1) of 99

Mountain Lake Resources is a diamond and minerals exploration co that is set to explode.Target is to have value of approx. $2.00 in 6 mths to one year and is presently trading at .30 cents.In the past few months the company has worked out royalty agreements with 2 Diamond mining co.'s in south Africa on their properties in which the 15% of gross which is to be paid to MOA is expected to be 1.3 million dollars in the 1st year and about 2 million in the second.These diamond properties have an expected life of 25 to 30 yrs. Moa which trades on vancouver has only 12 million shares outstanding with alot held by insiders(small float) Excellent gold property in U.S. and drilling program resuming soon in Newfoundland where president feels confident that property has 1 million ounces.Definitely worth looking into!!

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