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Gold/Mining/Energy : MINK MINERAL RESOURCES

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To: Jim Andrews who wrote (363)	3/20/1998 12:52:00 PM
From: George S	Read Replies (4) of 637

Jim: It seems that this is keeping you from sleeping at night. I'll make it as simple as possible. MADE owns the Kenieba diamond concession. MADE is owned by Ashton 51%, Mink 49%. There is no dilution clause. Ashton does not get a futher 10% MGT fee. In the event that a kimberlite pipe goes into production then a new company will be formed for that particular pipe. This company will be owned by: Ashton 51% Mink 39% Mali gov't 10% All of this is fully disclosed in Minks financials. Quite frankly Jim I'd rather spend what little time I have in my day to work at finding diamonds, than constantly replying to theories and speculations like we did with Rose Morgan. Now get some sleep. George

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