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Gold/Mining/Energy : Mutapa Gold Corporation VSE:MUA -- Ignore unavailable to you. Want to Upgrade?

To: TomKing who wrote (66)	10/23/1998 12:49:00 AM
From: Intrepid1	Read Replies (1) \| Respond to of 73

Tom, It is no secret that I have been a big fan of Mutapa for three reasons: The project is based in Canada, the initial work program hit on all 8 holes; and there is very little stock outstanding. Unfortunately, the entire resource sector is still in the doldrums and therefore MUA's stock is languishing at around $.65 cents. In my opinion, a deal with a major might be premature. Mutapa should begin the second stage drill program and further expand and define their deposit. If the second stage continues the success of the first, MUA will be in a much stronger position to make a good deal with a major. best wishes purething