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Gold/Mining/Energy : RED EMERALD RESOURCES

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To: hugh thorne who wrote (513)	6/15/1999 1:17:00 PM
From: hugh thorne	Read Replies (1) of 862

We now have a market cap of some 5 million dollars. This means that after you price out the value of a fully current shell company on the VSE and take out the value attributable to the liquid and near liquid net assets the market is valuing the reserve AT ZERO. I beg to differ with anyone, IR included, when they suggest that the recent coverage on the internet is the cause of the current situation.Instead of offering opinions on the cause, it makes much more sense to look at some independant verification; for that verification i looked at the sum total of news releases over the last 10 months. One,a brief sketch of financing terms and a followup. One indicating option excercised and THE ONLY 1999 release indicating they had applied for a permit. There IS a GREAT STORY behind this mineral property, it is too bad that the market isn't even aware of it! There is only one party who can correct this Mexican standoff, lets hope shareholders are put ahead of ego's.

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