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Gold/Mining/Energy : Firesteel Resources Inc. (ASE)
FTR 0.05900.0%Jun 1 4:00 PM EDT

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To: Ian McCartney who wrote (73)2/22/1998 10:00:00 AM
From: Trevor R. Teed  Read Replies (1) of 97
 
Ian,

Things sound interesting for FTR this coming summer. Mexico, BC and Europe also sound as though they hold potential. There are several good people involved with FTR and the company will recover and do well. They hold good properties in the NWT.

Unfortunately, I think FTR will not pursue the NWT silver-base metals properties.These properties are expensive and the vendors are clear on what they require in order to complete a transaction. In the interest of its shareholders, to protect investors from dilution, FTR is unlikely to meet the asking price.

Trevor
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