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Gold/Mining/Energy : Consolidated Magna Ventures (CMV.V) -- Ignore unavailable to you. Want to Upgrade?

To: Edward V. Whalen who wrote (210)	1/9/1998 9:58:00 AM
From: jerry janko	Respond to of 380

Look at the bright side of CMV: management has been very active trying to raise $1m, $300K already committed and a further $500K in the works. $100K is needed to finish the pre feasability on the El Rosario (paves the way for a $5M loan), remainder of money will be used to explore Koala because they have good targets and everyone is interested in base metal plays right now. The property is 200Km north of Western Copper but on the same fault structure. This structure host the majority of the base metal deposits in Mexico. If they can raise the full million some would be used to do a bulk sample on the Reyna de Ora in the adits and between recent drillings. This would provide further confirmation of grade. Finally CMV still has several JV proposals and a merger on the table, so things aren't that bad, all we need is that million dollars and a improving gold market wouldn't hurt!!! cheers, jerry