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Gold/Mining/Energy : ECM.VSE - El Callao Mining. -- Ignore unavailable to you. Want to Upgrade?

To: Brian Gerbozy who wrote (1043)	11/16/1997 10:04:00 PM
From: virginijus poshkus	Read Replies (1) \| Respond to of 1253

Brian, the frito bandito is alive and well in venezuela. look at glr, went from 5 to 2.5 in a week. ecm is being cast with the same brush. bgo says the company is drilling and that an announcement will be forthcoming after the placement of shares is made in bgo and azs. this is scheduled to take place in february. i would think that the low price of azs and ecm, a takeover will happen to both. vargas

To: Brian Gerbozy who wrote (1043)	11/18/1997 7:26:00 PM
From: John Soileau	Read Replies (1) \| Respond to of 1253

The ECM property isn't in the Imitaca Forest Reserve, according to Bema IR. It's in an old established mining district. I checked this on an Atlas and (although less detailed than I'd have liked)it appears to be true. Guilt by association though sure is a reality. They seem to be more concerned actually about the PD/Krystallex drama, I guess dealing with a govt that won't shaft you is pretty high on the checklist. Of all the variables with ECM, POG and country risk appear to be the big ones. Any signs of relief in either or both area will hopefully get us out of the 50 cent range again. John PS are detailed foreign country maps available on the Net?