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Gold/Mining/Energy : Rock Resources

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To: 1st.mate who wrote (1286)	9/23/1999 9:48:00 AM
From: the Chief	of 1996

There is no doubt that the "possibility" of a BC payout has elongated this process. No CEO wants to dillute shares of the company, but how long do you wait? At what time do you just have to say...we have to go ahead? The longer you wait the closer you think you are getting to a settlement, the longer the settlement is delayed, the more irritated shareholders get. It has become a "chicken and egg" fullfilling process....without that intention. My prophecy is that we will be in a full drilling program by Jan 15 and will either have a BC package in our pocket or a court date. A JV partner is more than possible, but it solely depends on the terms,... they may want more than a pound of flesh...so we'll see! the Chief

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