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Gold/Mining/Energy : Royal International Venture RIL.V (was Labrador Int'l LAB) -- Ignore unavailable to you. Want to Upgrade?

To: Rocket Red who wrote (748)	5/6/1998 5:46:00 PM
From: Ed Pakstas	Read Replies (1) \| Respond to of 3380

TO ALL... I'll repeat this again... There's a lot of tired stock in between the .50 and .57 range.... Compile that with some profit taking from the people that bought in the 30 range or less it's going to take a little bit more of buying power to get it into the new highs... This company DOES NOT have a rig on site... They don't even have an iron clad contract drilling deal as yet... So the rumours that the LAB is going to start drilling as of Monday is BS... Keep in mind that as far as we know there is only 3 rigs under contract for DML/TECK and their priorities are the NAI and the MGJ properties... I'm assuming that the extension drilling on the Cypress properties will follow... It could very well be June or the end of June, maybe July before these rigs get on the LAB property or for that matter ANY of the other JV properties... I think John L made a good point on the DML thread, when he stated that the priority will be to prove up the 22% metal hole to wee if there is anything else around it... That will be a clear indication of direction, depth and width of this so called river of "pots and pans"... As for the Central Gabbro, they still have to conduct the Gravity Surveys, which will no doubt be part of the contract and the Cypress drilling will determine whether or not there will be drilling warranted on the LAB property... After the results of that drilling are determined, then and only then will they continue on... Don't mean to sound so negative, as I do own quite a few shares of this company, but, LET'S GET REAL HERE and CUT THE BULLCHIT... ...ed