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Gold/Mining/Energy : MILL CITY MIY-V -- Ignore unavailable to you. Want to Upgrade?

To: 1king who wrote (454)	4/17/1999 5:40:00 PM
From: VAUGHN	Respond to of 707

Hello 1king Sorry Steve, TA's? ...... Analysts? What do they say about the third time? I think I can guess... As you have probably observed, this is not the most active of threads. Most of the chatter on the Yamba Lake play, occurs on the SUF thread, albeit modest. I expect that to change somewhat within a week however. HB was in from Hog Town Monday and out to both the Yamba and Back Lake sites all week. Since drilling on the first if I can use a source quote "very exciting" ground mag target started Tuesday, they will most certainly be into and through a kimberlite pipe several times by now. Only question is, how many holes will they drill before they announce they have a pipe. I am betting three but possibly four. Assuming that we are talking about an average sized NWT pipe say 3 hectares, and given that we are probably talking 300 to 400 meter holes, what would you say, three to four days per hole? Should we anticipate a NR anywhere between Wednesday and a week hence? The speculation this week should be very interesting but in my view especially on TQY. Not much volume there, but the gaps between the Bid and Ask have widened considerably with little offered up to a $1. TQY from $0.05 to $0.38 (760%) on low volume MIY from $0.05 to $0.18 (360%) on modestly high volume CAV from $0.04 to $0.13 (325%) on medium volume While I love MIY for its liquidity, I anticipate that the speculation will bring volume into TQY, and it has the real leverage on this play. I believe about 35% of their 23,000,000 shares are tightly held and with their 19%, they have the best leverage to appreciation after SUF with their 51% and 28,000,000. I have observed a bit of trading range linkage between the three juniors. As TQY moves, so moves MIY then CAV. I don't anticipate any trading linkage with SUF initially but that will evolve. Since SUF is out of the league of the average junior investor, I see TQY and MIY doing a land office business up to $1.85 and $.95 respectively on any initial good news. After that, SUF will probably have to drop another shoe to keep the shorters from playing games. Ultimately, all SUF has to do is prove 2 economic pipes out of the 40+/- targets and establish that either the Ptarmigan and/or the T-10 pipe(s) are in fact economic, and we have serious mine potential. Assuming something close to DMM/ABZ economics, without dilution, that is a potential $6.60 and $3.10 CFPS for TQY and MIY respectively. Each step SUF announces towards establishment of that possibility will bring a flood of investors into this play. There is nothing else out there right now. Nuinisco, Donner & Western Copper are all asleep or in their death throws, Alberta is dead, and while there are a few other NWT diamond plays with real promise, none have both this play's fundamentals, legitimacy, longevity, potential, with the runners still so near their starting blocks. Enjoy the week Steve Regards

To: 1king who wrote (454)	4/17/1999 6:46:00 PM
From: Shaw	Read Replies (1) \| Respond to of 707

Mkt Depth for MIY @ Friday Close. #Ord #Sh Price Price #Sh #Ord 1 11,000 0.16 0.18 67,000 7 2 15,000 0.14 0.19 57,000 4 3 49,500 0.13 0.20 42,000 2 6 95,000 0.12 0.21 17,000 2 3 15,500 0.11 0.22 4,000 1