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Gold/Mining/Energy : Consolidated Silver Tusk Mines Ltd.
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To: James Harvey who wrote (2202)7/15/2000 5:15:48 PM
From: Randy  Read Replies (2) of 2229
 
Attached is part of an email from Van der Merwe on CKS's plans to sell the refined products and the relationship with their partner. Hope it works out as planned. Stock should be $2.00 or more by Xmas if cash flow starts from gold production. They are also considering a US PR firm to help start promoting the stock.

"With reference to your further two questions, I would like to comment as follows. The Company will have the option to sell the gold in either doré form or in super high-grade form to a refinery. The silver will be sold in concentrate form and the manganese in the form of manganese sulfate concentrate. All three metals will be sold under contract to separate buyers, who will be responsible for collecting the material from site, fully insured, with settlement to take place within the standard practiced time frame allowed in the contracts. Potential purchasers have already been identified in Indonesia, China and Australia. The Company does not foresee any delay with generating cash flow related to the sale of products.

"The Company is not in the business of paying off third parties in order to conduct business. The Company has financed and structured the incorporation of a new Indonesian company generally referred to as GEM. This company is completely controlled by CKS, and CKS in turn has structured a 10-year revolving, gold and mineral sales agreement through GEM, which allows CKS to be the sole and exclusive responsible party for the sale of any metals recovered from the KBU project. This includes the negotiation, distribution and receipt of any and all funds derived through the sale of gold, silver and manganese sulfate."
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