Standard Mining, ( Formerly Quest International ) Message Board

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Gold/Mining/Energy : Standard Mining, ( Formerly Quest International )

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To: Robert J Mullenbach who wrote (345)	2/25/2000 4:21:00 PM
From: Robert J Mullenbach	Read Replies (1) of 462

Paul Saxton President's Report , Let's not forget !!! this Company has a future. The Gold price is key. someday, I have the time to wait it out. no news on PP yet. maybe some warrants ????? any way, AEM, GSR , held up great in gold drown draft. sure am glad I talked wife into selling 2/3 of our Wal Mart at 58, it now down to 44. XXXXXXXXXXXXXXX President's Report The third quarter has seen a continuation of the work that began earlier in the year. The Company has improved its financial position from earlier in the year by paying down its debts and settling some old outstanding litigation. Management continues to keep costs at a minimum while completing the tasks necessary to turn the Company into a vibrant and progressive exploration and mining company. Management believes that funding through the use of shares at the current stock price would not be in the best interests of shareholders. However, funding of some kind will be necessary in the near future. Our crews in Honduras are continuing the soil-sampling program to the east and south east part of the property. This anomalous zone now extends more than 3000 metres in length. A number of senior gold mining companies have expressed interest in the property and three of these have visited the site. The Company has made no commitment to any one group at this time and is keeping its options open with regard to exploration and development of the property. Management likes the potential of the property and will continue to look for the best arrangement for advancing the project. As with the last quarter the company has continued to conserve cash and has not carried out work on any of its other properties. Management believes that the company can soon look forward to advancing both of its main properties and perhaps acquiring an additional very advanced project which would give the Company production even sooner than expected. As always we thank our employees, consultants and shareholders for their continued support.

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