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Gold/Mining/Energy : TRIVALENCE MINING
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To: Phil Cressman who wrote (473)6/28/2000 3:39:00 PM
From: Phil Cressman  Read Replies (1) of 527
 
Ask the right questions and the answers become clearer. I was on the phone today to get an answer as to why no news release yet on the bulk sample or at the very least the June 27th sale results. Now the story is that MPH Consultants will submit their report on the bulk sample to TMI at the same time as THEY make a news release. I'm only guessing but since diamonds from the bulk sample were included in the sale it may be causing some delay. That second pink diamond did sell and although I have no exact figure it was more than estimated value.

Only other item of interest is the decision to go forward with diamond drilling of K23 has been made. Everything points to richer grade below the 'yellow ground' weathered surface material which varies in thickness to 30 meters (not sure exactly but know that their own rotary drill couldn't get the depth or samples of kimberlite needed). This diamond drilling will result in core samples and delineate the extent and structure of the undisturbed underlying kimberlite. Evidently drill rigs are available close by but I'd not expect results for some time, maybe late summer or fall. They could surprise me since they seem anxious to get K23 proven up.

From here on in I'd suggest you call I.R. at Trivalence as to the timing of news releases since I obviously stink at my calling of when they'll be out. Just as long as they show continued improvement I won't complain too much.

One comment about cost of investor relations and compliance. Since the stock price has shown such a great improvement this year over last maybe pointing a finger at the expense is kind of short sighted.
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