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Gold/Mining/Energy : Valerie Gold (VLG) -- Ignore unavailable to you. Want to Upgrade?

To: Pierre J. LeBel who wrote (140)	10/25/1997 2:12:00 PM
From: Steve Johnston	Respond to of 195

VLG's properties have encouraging geophysics and some very prospective targets. The company does not, however, yet have any proven economic reserves. As such, it is purely speculative, and will trade at about 2 times it's cash value. Nesbitt Burns dropped it's ratings from $17 to $7 to $4 to $1.80, all over the past 6 month's What do you know that they don't? I'm not trying to be smart, I am only a curious shareholder who has an average price of $4. Regards.

To: Pierre J. LeBel who wrote (140)	10/25/1997 4:17:00 PM
From: I_C_Deadpeople	Read Replies (1) \| Respond to of 195

I just started following this stock and after reading the IR package the last release mentioned the change in management and that the new head of exploration was "reviewing" all previous drilling data to determine what to do next. Was this report not due at the end of Sept? I have been unable to see why this stock got to $28 - can someone provide a brief rundown, I would appreciate the info. The price seems awfully cheap....then again so do all of my stocks in relation to my cost!!!!! Eric Wallman