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Gold/Mining/Energy : Avenor (avr-tse) - Repap buyout (rpp-tse) -- Ignore unavailable to you. Want to Upgrade?

To: Dennis Latchum who wrote (281)	10/24/1997 12:22:00 PM
From: FundAce	Read Replies (1) \| Respond to of 290

Dear Dennis, I agree. Based on info I've read elsewhere, valuation of Repap is at about 2.93 per share. Obviously, with current share price at about .20 per US cent, this is outstanding value. I am convinced next quarter will reveal profit in excess of 15 million (Can. Dollars). Yes, Repap still has debt, but much less, and even though less machines, they are world class, and pulp and paper prices are in an upward mode. We have to be patient...I'm in this for the long haul. Thanks for your thoughts. Good luck! Fundace