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Gold/Mining/Energy : SRU-ASE : STARFIELD RESOURCES
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To: winston.s.c who wrote (965)7/2/2000 12:49:11 PM
From: CIMA   of 1239
 
I'm hearing unconfirmed rumors about big meetings with majors/groups next week. It appears as though management has at least three options/possibilities to finance this project through to feasibility if rumors are correct. If the rumors are true, I expect some pretty significant news in this regard in the coming weeks and the market is behaving like it seems to agree.

However, the market may also be anticipating the first round drill results which are due out soon. My understanding is that they are simply connecting the east and west sides of the deposit by punching holes in the middle which continue to prove up tonnage. I don't expect anything spectacular from this.

But I am intrigued by the new massive sulphide that apparently continues beyond UTEM's ability to measure at depth.

It will be interesting to see who will be managing this project by the end of this year's program. It's 50/50 that it will be current management IMO and shareholders should be compensated accordingly if a deal is struck.
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