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Gold/Mining/Energy : AVL.V - AVALON VENTURES -- Ignore unavailable to you. Want to Upgrade?

To: Flavio Volpe who wrote (559)	3/5/1998 5:12:00 PM
From: RMF	Read Replies (1) \| Respond to of 1474

Flavio, I think it might be a bit early to do calculations on Wolf Mountain. Certainly we're all hoping they have found something there, but the odds aren't that great on initial exploration of a new property. But, with AVL we already have Separation Rapids which is a major major find in rare metals which have actually been rising in value rather than falling as copper, gold, etc. have been doing lately. The latest drilling is looking for tantulum and cesium specifically which could add substantially to a deposit that could already be valued at a billion dollars. Avalon is currently VERY undervalued based on what they've already established and if they hit something on Wolf or in exploratory drilling on Sep. Rap. then we'll all be spending a great deal of time in calculating what our AVL stock is worth.

To: Flavio Volpe who wrote (559)	3/6/1998 8:07:00 AM
From: DRT	Read Replies (2) \| Respond to of 1474

AVL will undoubtedly get the 'maximum' exposure possible at PDAC - speaker at the "new discoveries" technical program, invitation only exhibitor at the 'core shack', OGS exhibit will profile Separation Rapids - obviously the Big Whopper discovery will be the focus, the list of attendees associated with the discovery, timely press on the deposit, etc. I agree with MICAP's response re. its too early to calculate any numbers on Wolf Mt. While the surface indications are positive, only drill core assays can allow you to start putting numbers on a potential discovery. As for timing, if you are considering buying - just my opinion, but I would not be caught on the sidelines! Assays are pending on both properties and its fair to say that the company is certainly undervalued based on the Big Whopper petalite discovery alone. Any positive news on the exporation side - Separation Rapids or Wolf Mt. and who knows! The fact that AVL has moved up the last 2 days - against the market trend - is something I have not seen in quite awhile. The house positions over the last 30 days are another positive (eg. DS +45,667, Green Line +43,750, Canaccord +30,800, CT International +23,660, etc.). There were only 16,100 short position as of February 19th - any shorts will be scrambling to cover on news. DRT