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

To: RMF who wrote (740)	4/22/1998 3:00:00 PM
From: DRT	Read Replies (1) \| Respond to of 1474

Initial comments: 1. Financing - To date, both Separation Rapids and Wolf Mtn. are low-cost drill programs (they still have $1.3 million in working capital/and no shortage of interest re. any future financing). 2. Wolf mountain: - Ignoring the potential for a higher grade deposit, do not underestimate the economics of low grade deposits at surface/not to mention the fact that they are in close proximity to an existing palladium producer(20 km or so down the road). Moreover, if you consider that its economic to produce 25 centimetre wide intersections of 5 g/t PGE 200+ metres below surface in South Africa (Bushveld), then production of 0.5 g/t PGE at surface may also be economic. This news should give the market something to think about! DRT