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Gold/Mining/Energy : TRIVALENCE MINING

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To: Claude Cormier who wrote (446)	6/23/2000 3:20:00 PM
From: Phil Cressman	Read Replies (1) of 527

Afternoon Claude, I think it would be very much worth your while to call Omar Nazami at TMI 1 888 273 3671 to discuss Trivalence and have him send you a package of background information. The alleuvial operations are not sporatic but in actual fact have been very consistant and results are exceptionally close to the grade projected (previous operator left a ton of information on sampling of various alleuvials and a resource figure although not promoted is in hand). It took TMI a while to get production volume up and steady to generate the income now being received. Certainly the large stones are welcome and generate substantial revenue they historically have been turned up on almost a regular basis so I'd feel revenue from these could pretty well be counted on. Yes the K23 pipe is extremely important since it takes TMI to a different level of playing field. In my opinion K23 is not valued into the current share price which could be justified just on the alleuvial operations. For Blue Sky potential the Botswana concessions are probably most important whereas the Parmageit pipe is now into production and could be a steady source of cash flow. The Ungava project is a cheap area play and maybe in a few years might be worth something to investors. Management have plans for the C$12,000,000 which would come in if share options are exercised. They are in the money at around C$2.40 so you can bet that Management is going to push like mad to get and keep the stock price above $2.50 and perferably above $3.00. The President used his personal money to support the share price over a year ago against selling pressure which certainly shows confidence in the company. If the report on K23 states it's profitable and gives some potential numbers TMI's share price could easily double or triple. If not it might back off a quarter so I felt it's worth the gamble. K23 isn't the only kimberlite target at Aredor so while a washout would really hurt it wouldn't be the end of the world.

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