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Gold/Mining/Energy : BLUE DESERT MINING, BDE-ASE -- Ignore unavailable to you. Want to Upgrade?

To: CLK who wrote (616)	3/30/1999 1:26:00 PM
From: Dale Schwartzenhauer	Respond to of 673

The adjoining Teck (See) discovery is the most noteworthy in the area. The characteristic feature is a best-of-all-worlds high grade, shallow deposit with minimal overburden. Comparable geologic features are present on the BDE claims; whether that constitutes enough mineralization is another matter. Management's plan is to J-V these properties and minimize dilution. I feel the stock is very attractive after the recent run to $0.23; the 5 and 10 week stochastic indicators are very oversold (10-20% range), and the 40 week indicator is neutral. Another push higher should send this indicator into the overbought area, suggesting bullish momentum. I feel the next realistic target for the stock is around C$0.40. I hope to add positions here before strength develops. Best regards, Dale