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Gold/Mining/Energy : T.ITE: iTech Capital (TSE) -- Ignore unavailable to you. Want to Upgrade?

To: David Michaud who wrote (60)	1/7/1999 9:53:00 PM
From: David Michaud	Respond to of 5053

Kaiser says cash-rich near-shell a buy Jordex Resources Inc JDX Shares issued 29,067,857 Jan 7 close $0.48 Thu 7 Jan 99 In the News John Kaiser, making his recommendations for 1999 in the Dec. 11, 1998 Bottom-Fishing Report, says Jordex Resources is a top-priority buy at 50 cents. Mr. Kaiser recommended Jordex in December 1997 at 85 cents. In the current report, the cheap-stock luminary says Jordex is widely held and cash rich, with $19.7-million in its treasury. Mr. Kaiser considers Jordex a shell with some Bolivian activity whose management may keep in the resources sector or steer into oil and gas or technology. Jordex's San Javier project in Bolivia is under 75 per cent option to Goldfields. Mr. Kaiser says San Javier hosts very high gold-grade lenses that will require extensive drilling before significant tonnage can be developed. "If the current Goldfields drill program is successful, Goldfields is likely to become very aggressive," he writes.