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Gold/Mining/Energy : Peruvian Gold Ltd. PVO -- Ignore unavailable to you. Want to Upgrade?

To: Andre Koluksuz who wrote (435)	3/3/1998 6:06:00 PM
From: D.M.	Respond to of 892

To all: I received a letter from Peruvian Gold today. It states they will be at the PDAC Annual Convention and trade show at the Metro Toronto Convention Centre from March 8 to March 11. They are at booth 2527. The letter briefly goes over the Lara and Tingo prospects, but doesn't say anything new. They again state that "an aggressive approach is being directed towards new project acquisitions". I was doing some searching on Bradstone and found the following in their message to the shareholders report, dated Nov. 28. Given the significant volatility experienced in the markets over the past quarter, Bradstone has taken a very defensive position with respect to managing its short term marketable securities, and continues aggressively to identify medium term, undervalued merchant banking opportunities, in which it will take control of companies trading at a deep discount to its net asset value, create value and eventually realize on its gains. Short term, Bradstone has virtually eliminated all exposure to income trusts. Its net asset value is currently $2.33 per share. The most substantive recent example of our strategy was the announcement that Bradstone has acquired a 10% interest in Peruvian Gold Ltd., and reached an agreement to acquire additional shares that would bring its equity position to 14%. Peruvian Gold is a well capitalized mineral exploration company with $12.8 million in cash and short-term investments. The VSE listed company is focused on exploring for gold and copper in Peru, one of the premium mineral belts of the world. To date, the company has taken a very conservative approach to its prospecting program. It recently announced extremely significant results from seven reverse circulation drill holes in its 100% owned Lara porphyry copper prospect in Peru. It is our intention to develop an enhanced strategy in conjunction with management for the utilization of Peruvian's cash with the objective of significantly enhancing shareholder value. Currently, Peruvian's stock price trades at a range of $0.80 to $0.89, roughly equal to its cash value per share of $0.91. Doug

To: Andre Koluksuz who wrote (435)	3/13/1998 12:49:00 AM
From: tman11	Read Replies (2) \| Respond to of 892

Andre, I can't believe I still own this stock. I keep thinking I'll give it one more month and I'll sell.... and that was six months ago. Any idea if there is anything happening or about to happen with the company. I heard they were in Toronto at the PADC conference, did anybody see or talk to David? I know who I will be signing my proxy votes over to at the next AGM (ie Bradstone). Any idea of when it will be. Regards, Trev