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Gold/Mining/Energy : Donner Minerals (DML.V) -- Ignore unavailable to you. Want to Upgrade?

To: Ed Pakstas who wrote (1069)	11/16/1997 9:08:00 PM
From: Lloyd	Read Replies (3) \| Respond to of 11676

Another observation and comment: Obviously most of us here have seen Western Copper (WTC.V) go from around .96 to 4.50 in the first few days of last week after hitting one hole reported to contain a very large intersection of massive sulphides in Mexico. Here is a table of volumes and prices: 1997.11.13 $4.49 +1.49 1,456,109 1997.11.12 $3.00 -.25 888,321 1997.11.11 $3.25 +2.27 1,539,766 1997.11.10 HALTED no trading, news release 1997.11.07 $0.98 +.02 3,000 For everyone's interest this property is a JV between WTC and TECK CORPORATION. There was very little anticipation on Friday for any big news to be released on Monday as it ONLY traded 3,000 shares. We have not seen any more significant intersections out of the Donner area since the very high grades reported by the NAI/DRZ JV - Remember that TECK is the operator there and is controlling the drilling program. We did not have a lot of market anticipation prior to the last news reported so why should we expect it now in this market. Usually the market anticipates what is happening but not always. I do not think many people anticipated last week that WTC would go up over $5 otherwise it would have traded more than 3,000 shares last Friday. ( I wish I could say they were my 3,000 shares!! ) In the speculative market, perception is reality, and right now in our markets the overall perception of investors is nervous. This is what I believe is happening here. I personally believe this is a very real play but like any "discovery" the markets will always see volatility. Good Luck. MARK CROWTHER @ Pallaum Minerals mcrowther@pallaum.com