Int'l Pursuit (T.IPJ) Message Board

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Gold/Mining/Energy : Int'l Pursuit (T.IPJ)

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To: Bear who wrote (268)	4/27/1997 2:03:00 AM
From: Ron Everest	of 835

My understanding is that the Bre-X fiasco has underlined the importance of getting the CoWs signed before anything beyond prospecting is entered into. That is probably why there is no announcement from IPJ on the Sebuluh Fault drilling ie: Dayak drilling and L-N prospect drilling. IMO it is good to see more diversification as it would appear that the seventh generation CoWs are going to be in limbo for some time to come. The Hinoba-an project is fairly advanced. It would be a good question to IPJ to determine what the Hinoba-an/Manlupo cash burn rate is and the amount they would budget to completion and "ready to vend" stage. Thanks for the post, Best Regards,

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