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Gold/Mining/Energy : ECHARTERS -- Ignore unavailable to you. Want to Upgrade?

To: John BOYCE who wrote (3084)	3/29/1999 1:51:00 AM
From: E. Charters	Read Replies (1) \| Respond to of 3744

Well I doubt in this market that any Gold Junior will double. Moneta has too many shares out to finance any major projects and it would take too much mill money to start anything on their own. They don't have any small mines they can grow into larger ones and their Perlite thing will not fly as they cannot seem to get the money despite the fact that Perlite has many uses and a good market. Their failure to market the Perlite cannot be blamed on them as some former Indusmin people could not do it either. Cameco has a program on their Kayorum property but there is not news at all out on it. Their best bets are their Nighthawk, Michaud, and Tisdale properties. All have excellent prospects and are not grass roots, with one having generous widths of 460,000 ounces 8 gram material and also an unexplored high grade vein system. But no matter how good the prospects the buyers are too tough to deal with now so Moneta has temporarily cocooned. I did offer them some small start up situations but they want to stay close to home. EC<:-}