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Gold/Mining/Energy : Solv Ex (SOLVD)

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To: 993racer who wrote (2846)	5/12/1997 5:09:00 PM
From: Joss	of 6735

Racer, Aside from the childish tone of the post from AOL, it has several problems. 1) The present plant is refered to as a " First stage pilot plant" in all recent solv releases (these are all I checked due to the fact that I have better things to do). This is consistant with everything I heard last Dec. at the yearly meeting - prove commercial viability of the process and then enlarge. 2)Everyone knew that only ~ 15K barrels of bitumen would be produced at the begining - again discussed at the Dec. meeting. No rational person felt that this was going to "make money". The key question for the first quarter of this year was, "could they demonstrate the process on site, with the remaining amount of funds. If so -- more money would be avaliable. And It was avaliable, whatever the source. 3) the remainder - has either been addressed in solv releases and/or is just raving. I would appreciate a link next time rather than full "phrase and fact twisting text" from the AOL board. Regards, Steve

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