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Gold/Mining/Energy : Canadian-under $3.00 Stock-Picking Challenge -- Ignore unavailable to you. Want to Upgrade?

To: Al Collard who wrote (8278)	5/19/2002 9:56:16 AM
From: lorne	Respond to of 11802

Hello Al. My pick would be Holmer Gold Mines...HGM CDNX. They have just completed a private placement of 500,000.00$ and will start another drill program at their Timmins gold property this week. They also have 10 million in cash which as I understand is to be used to finance the start up of the Cuba silver mine project and the start of production at the Timmins gold property. Share price is at .29 at close on Friday. Holmer has been around since 1968 and the share price some years ago was at 16.00$ per share just on the strength of the Timmins gold property. Lorne