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

To: Archangel who wrote (624)	9/10/1998 4:47:00 PM
From: E. Charters	Read Replies (1) \| Respond to of 892

They have a square klik of chalcocite at low copper price the rest of the hypogene stuff is not yet assessed. Who knows?

To: Archangel who wrote (624)	9/11/1998 10:28:00 PM
From: kidl	Respond to of 892

Fagan says new focus could boost share price Peruvian Gold Limited PVO Shares issued 14,227,466 Sep 9 close $0.45 Thu 10 Sept 98 In the News Brian Fagan, writing in the September 1998 edition of the Fagan Report (dated Aug. 28), says Peruvian Gold may be worth buying in light of its strong cash position, low price and "great upside potential." Mr. Fagan says Peruvian had its day in the sun in 1996, when it traded as high as $7. In September 1996, it completed a financing at $4.50, netting the company $13.5-million. With gold as a focus, Peruvian drilled and drifted its way down to its current level of 45 cents. Along the way, it attracted the attention of Robert Atkinson, who bought 18 per cent of the company at around 85 cents in November 1997. At the time, he made it clear he did not think the company should be spending its treasury -- now at $11-million -- the way it had been used to. Mr. Atkinson and his interests now make up 50 per cent of PVO's board, Mr. Fagan writes. "I expect to see some changes in PVO's focus," Mr. Fagan says, adding more selling pressure could take place before any new direction is made clear. (c) Copyright 1998 Canjex Publishing Ltd. canada-stockwatch.com

To: Archangel who wrote (624)	9/16/1998 8:04:00 PM
From: charred	Read Replies (1) \| Respond to of 892

The Lara property has copper mineralization. What Charters refers to a chalcocite blanket is indeed important but here the grade is low. The blanket is a supergene enriched zone where the copper grade is increased. The grade I see from the news release tells me that the hypogene ore is probably too low because the enriched Cu layer is still under 1% Cu. The best part of the company is obviously the cash. Could be a take over target. I feel PVO is a good buy.