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Gold/Mining/Energy : Samex Mining | OTC:BB - SMXMF | Canada - V.SXG
SMXMF 0.00010000.0%Sep 10 5:00 PM EST
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To: dennis naughler who wrote (115)3/13/1997 10:04:00 PM
From: chevalier   of 539
 
Assuming the overall stock market hangs together I really think that you should hold on to your shares. They are currently drilling two properties; the Walter and the Santa Isabel. The Walter is a vein deposit which has promise but not the reason that I bought shares in the company. The Santa Isabel property has the potential to be a huge porphory system. The company needs to hit a good drill hole and the stock will take off. I recently spoke with SXG and they informed me that they are presently consulting with a porphory specialist to reconfirm, or if need be, change the current drill plan to really focus in on finding the goods. Now to more recent news. Samex recently announced in a press release that they have expanded their Agua de Castilla property holdings and plan to drill both Agua de Castilla and another property called Sora Sora in May. These are both Epithermal deposits, just what the market loves in today's environment. I am really excited about Agua de Castilla but I must admit, I know little about Sora Sora. I need to call IR and discuss this property with them. Anyhow, I wouldn't think of selling Samex at this point because, outside of Yamana, how many companies do you know of that are going to be drilling four properties within a four month period. My largest dilemma with the company is the lack of cash they have. Probably best to call Them and see what they are doing about this and how they are planning to finance all the upcoming drilling.

I hope this helps. If not e-mail me and I will try and help some more.

Ari
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