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Gold/Mining/Energy : Eaglecrest Explorations
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To: mike paventi who wrote (39)11/18/1996 10:29:00 AM
From: Richard Humphrey   of 639
 
Mike: Have you approached EEL's IR department with your problems, and if so what was there response. How do you handle the illegal miners whom I assume are mining only the surface for nuggets??? Or are they actually going underground??? I don't imagine EEL would get any official help from the government, would they? For the amount of Au the illegal miners are removing is it worth pursuing or do you feel that it is better to make a comprimise or a deal?? Obviously, EEL management has been spinning there wheels, for the last few months. It is evident in their news releases. How green is this geologist and does it not make sense to get someone better qualified, who understands the local geology better. I believe the EEL management should ensure good local contacts in government and the surrounding communities, so if they have the goods like you say, we do not run into another BRE-X situation(far be it on a smaller scale). Local PR work is obviously very important for 3rd world countries like Bolivia. Anyways, on the recent dip to $1.80 level, I doubled my position. I too believe in what I have read in their news releases, I hope management eventually comes up with a game plan and direction for this FIND. Otherwise the there will be nothing left after the locals get done. :>)
Thanks for your informative and professional opinions. It is great to recieve comments from someone with your expertise. Please post again!!!
All the Best! Rick.
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