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Gold/Mining/Energy : Tan Range

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To: Martin Archer who wrote (64)	4/20/1998 9:51:00 PM
From: Ron Everest	of 122

Martin, The GN article stated that drilling results would be expected in May. The slide in price is pretty general for all jr golds. In fact TNX did not fall as far as some of the others. IMO TNX has the potential to develop like Sutton or even exceed it. Too bad TNX had to give away so much in acquiring a JV partner, but, maybe in hindsight we will be pleased with the end result. Another thing with regard to the temporary nature of the last price move is that there were no reserves proven up. This time around we should see the picture develop in a much greater way. The run up of the past few days will be the email and fax subscriptions for GN plus the previous release announcing the drilling. Best regards, Ron E

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