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Gold/Mining/Energy : Flag Resources (FGR.A A) -- Ignore unavailable to you. Want to Upgrade?

To: Tim Davies who wrote (1039)	4/7/1999 7:27:00 AM
From: Stephen Mooney	Read Replies (1) \| Respond to of 4269

Hello All! I agree with Tim in that I am disappointed that the drill cores results from the latest holes have not been released. That site however is from two miles away from the one we are talking about yesterday. Yesterday's news basically says everything else is on hold for a while as we are concentrating on finding A MASSIVE ORE BODY. What I find very interesting in this latest release is the sequence of events. The hole was drilled two years ago and found 100's and 100's of feet of disseminated material. I take this as meaning interesting but low grade stuff. Flag moves on and drills at other locations. Then Inco comes along and says 'Hey - let's look take a peak at some of your past drill results.' Next thing you know Flag is retesting this deep hole with various modern tests which possibly give an indication to which direction the material originated from. Next thing you know Flag announces that they are commencing drilling to (hopefully) determine the SOURCE of the disseminated material. Source, of course, is hoped to be a massive ore body. Seems to me that, reading behind the lines, Flag has a very good indication of from which direction the disseminated material came from. Seems to me that at $.25 a ticket this has just become a VERY interesting lottery once again. I agree with Ali, Tim, if the next drill hits a massive ore body, there will not be time to trade in and out except at starting at much higher prices as it will jump immediately on the news. Best to have some $.25 tickets to start with. We may have only about 2-3 weeks left to purchase them.