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Gold/Mining/Energy : $0.50 and Under *** CONTEST*** (March) -- Ignore unavailable to you. Want to Upgrade?

To: Ed Pakstas who wrote (160)	3/29/1998 9:40:00 PM
From: Buckey	Read Replies (3) \| Respond to of 195

ED; I noticed two mistakes; AAU - you picked up the last price on the ASE which was a few months ago. It actually trades on the TSE and closed at $.285. Also ATQ - you show +$.10 - I think it is minus. Also a comment: I do not beleive that warrants should be considered next month as their underlying value is really based on the difference in price between the current share price and the exercise price. Let me illustrate it for you. LETs take a stock ABC and its warrants ABC.WT.A exercisable at $.20 Joe buys company ABC.WT.A at 5 cents as the current share price is $.25 Fred picks Company DEF also trading at 25 cents. The exit price on ABC.WT.A is 50 cents for the stock and the warrants are now trading at $.30 - he records a 600% profit. Fred exits at $.75 or a 200% profit but does not win even though his stock tripled in price while the winner;s only doubled. I realize that this is a simplistic model but I will definately be taking warrants next month. Thanks for the work ED - I am close - two days and I will take an xl