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Microcap & Penny Stocks : IKAR MINERAL CORP...(IKAR)..looks to be ready & surprising -- Ignore unavailable to you. Want to Upgrade?


To: humancash who wrote (3)11/5/1997 4:33:00 PM
From: Ga Bard  Respond to of 188
 
Lee .... This company has in reserves...

Gold ............ $235 Million ( Russian assessment) very consevative
Tunsgen ..... 600 M tons of Ore (very conservated)
Pig Iron ....... 274M tons (almost exact)

I talked to Frank Cameron who is the PE who just came back from the sight.

BTW Tunsgen is presently in a world shortage capacity. Hello!!

IKAR Mineral Corp. holds approximately 400 square kilometres of mineral bearing property in Tajikistan, a former USSR state. The property, known as the Rushan Mining and Refining Complex, contains not only a world-class deposit of tungsten, but also abundant iron ore with associated commercially attractive volumes of gold, silver, copper, and cobalt. Tajikistan, a small country approximately the size of Wisconsin, borders China, Afghanistan, Uzbekistan and Kyrgyzatan.

Underneath Tajikistan's mountains lie a wide array of natural resources, many of which have never been exploited. For example, only a few of the more than 30 known gold deposits have even been prospected. Geologists from the former Soviet Union conducted extensive exploratory work on IKAR's property between 1972 and 1976. Because the Soviet Union had adequate supplies of tungsten and iron elsewhere, these deposits remained untouched.

IKAR's staff is currently preparing a model based on extensive data, maps, and geological reports obtained from the Ministry of Mines and Metallurgy, supported by documentation from previous Russian exploration programs. The company has recently completed the construction of temporary roads, finished the accommodations, and is conducting a trenching program.

Speaking with political powers about acquistion of these reserves.

This one is starting to constitute a no brainer.

To unsavvy investors that are impatience and are selling and now BANG the stock is about to move makes no sense.... LOL

Thanks

GaBard



To: humancash who wrote (3)11/5/1997 4:39:00 PM
From: Ga Bard  Read Replies (2) | Respond to of 188
 
Here is an email from the company and I asked why it was selling a bit and he informed me that people want the quick buck. In the next ten days news is going to surprise people selling. I have to say as for myself I would rather the week hands get out now. Maybe solid investors that see this one going much much higher like I do will buy in for the ride to unknown prices. I will not post what I think it will go to but I tell you this it is a long term for me.

I beleive news is forth coming in the very near future. Here is the email I got from the company today.

November 5, 1997

Dear Gary,

Thank you for your interest in our IKAR MINERAL CORPORATION project in Tajikistan.

As I have mentioned to you we are currently being touted by several
major governments regarding the purchase of certain mineral bodies
within a 20% area of our 100,000 acre concession.

As I am sure you are aware by now two of the major mineralizations on this property are Tungsten and Iron ore (Pig iron).

We are currently well financed (News release dated October 1, 1997 and October 20,1997). Our authorized shares are 50,000,000 and our issued and outstanding is 16,200,000. Our executive hold a secure position of this I&O amd our financial institutions in Europe.

At this time time an independent study is being done by Kilborn
Engineerig who are on the property. This study should be presented
within the next several weeks and we firmly believe that this report
will concur with the three previous studies on this project. (RUSSIA,
TAJIKISTAN, IKAR MINERAL CORPORATION).

Keep your eyes on our web site www.ikar.com for imminent news.

Sincerely,

Randy Andrus
Chief Executive Officer
IKAR MINERAL CORPORATION

Thanks

GB