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Gold/Mining/Energy : COLUMBIA METALS CORP - COML -- Ignore unavailable to you. Want to Upgrade?

To: Domenic Caputo who wrote (36)	11/7/1997 10:58:00 AM
From: Simon D. Yates	Read Replies (2) \| Respond to of 153

Based on all available information, $5.00 may be out of site. However, there are many factors in determining the value of a stock. As we are not on the board of directors, we are not privy to all information concerning possible acquisitions and related matters. It may be worth 5, or much less, only time will tell. Furthermore, the last time I talked with the company, I was told that COML should be valued a around $6.00 with a 12 month outlook: MGM, at $15.00. With current market conditions, a mining/exploration company must be able to provide excellent results and properly proove what it has in the ground. Indicating that there may be X dollars worth of copper and gold is not going to send the stock upward. However, positive assay results and acquisitions coupled with a strong management will send a stock upward and keep it there. The Dos Amigos property has the potential, but the depth and amount of gold/tonne must be determined before we can see COML climb back to above $2.00. I happen to believe in both COML and MGM and have taken a position to back up my belief and hopefully make a nice return. Regards, Simon