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Gold/Mining/Energy : AVL.V - AVALON VENTURES

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To: Paul Thomas who wrote (1226)5/19/1999 5:04:00 PM
From: Pete Mimmack  Read Replies (1) of 1474
 
I like it. Sounds like they're laying all the groundwork, making some nice progress so they can keep moving it along. The pre-feasibility will be a very nice "stake in the ground", tho' it might be met with the same excitement as this NR. Oh well, an awful lot of the business of making money is not exciting, just necessary. Maybe the next drill results will put some sizzle in the stock.

In the meantime, I'm reminded of another company (whose name I forget) that put a mine into operation in the last 2 years. Their stock price went nowhere until production actually started, then suddenly doubled. Seems silly, but that might be what we're looking at. Price sure is stable around .70, and doesn't seem to be any downside, since they're making progress at the business end.

Pete
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