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Gold/Mining/Energy : International Gold Corp (IGCO) -- Ignore unavailable to you. Want to Upgrade?

To: Roland Glassman who wrote (384)	3/21/1999 8:19:00 AM
From: Semyon Kuretsky	Read Replies (2) \| Respond to of 405

I do not think we will see 'major' announcement soon.. What we are going to see soon (maybe this week) - the 5 ft assay results for the rest of the core holes, which should give us a pretty good idea about reserve size. These holes have been drilled on a 500 ft center which is not enough for the reserve size calculation. Company plans to continue with the revised drilling program: around the holes that showed the best results and at the same time work is being done to determine the best extraction method which will eventually lead to recovery cost estimate. Recovery cost will be a key factor in the evaluation of the stock price when the first announcement of the reserve size will be done. I think it would be logical for the company to complete and announce reserve estimate for just a part of the area that was in their original drilling/assay PhaseI plan. It is possible to see about 10-11 million OZ of gold for only these 9 core holes (when drilling around these hole will be completed). This will not happen tomorrow. And it is hard to predict when the stock will start moving. But it moves fast. It can double in two-three days even without major announcement. In MHO this is a BIG winner.. Time will tell good luck to everybody