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Gold/Mining/Energy : Alta Gold -- Ignore unavailable to you. Want to Upgrade?

To: Dwight Taylor who wrote (484)	2/20/1998 8:06:00 AM
From: Francois H. Gaston	Read Replies (1) \| Respond to of 749

You are right, we did great yesterday, with doubling of volume (I have 319700 shares traded). I just received in the mail book 6 of "the Red Chip Review" (A well regarded analyst company, that covers only small caps that have an annual growth of at least 20% with less than 20% institution owning them... thereby "undiscovered" at time of initial coverage. Out of over 200 stocks they only follow one gold mine company) Guess What. In that Issue, dated February 11, ALTA Gold Co. is their subject of their "FOCUS REPORT". Nothing that we, as ALTA shareholders, don't know. But a good 3 pages discussion suggesting that gold is probably at its low and that ALTA, with Olinghouse possibly coming on line, would continue to be profitable because of their low cost per/ounce (<$ 200). Olinghouse is said to "probably bring $ 10 million in 1999, without gold going up. They also mention that ALTA goes with the XAU recently (similar waves). Their projected price is $4.88 over 6-18 months. They also said that ALTA might not need to do any creative financing to get Olinghouse going. They bought that property for $500,000 only. They also mention another company, in Nevada, that The Red Chip Review has been following... that company provides the cyanide for local gold producers, and they suggest that this might also be a good trading play if gold price goes up.(I will let you know about it, this week end, because I am not at home at this time). Conclusion: ALTA still looks great for a long position. Yesterday stock gapped up and finished on the high. Usually good for the next trading day... but you never know with gold! Good luck all Gaston