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Gold/Mining/Energy : DROOY Durban Deep- Best S. African Mine

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To: CIMA who wrote (540)8/8/2000 6:13:06 PM
From: Jim Steel   of 851
 
Hi CIMA - Ujina here, although you know me as Jim Steel, the author of the report you reference.

In fact, I don't discuss DROOY at length; I only summarise the salient points of the conference call and compare it to other global gold producers in a comparison table.

But that's another story. Now hear this:

CIMA -

Please do not post the proprietary publications of Mining Insights Inc. (MII) into threads on public chat sites. It is a violation of the subscription agreement to which Members such as yourself have agreed to honour.

We publish the "HEARD IN THE STOPES" e-mail newsletter twice per week to highlight on-going discussions and to summarize the content of other MII publications.

You do the other Members a disservice through your actions, for which a legal recourse exists. You also do the readers of this thread a disservice by stating as summary "DROOY is discussed at length here". True, DROOY is mentioned in the current issue of the main MII publication, but is nothing without knowing where it stands in the context of global producer valuations.

Readers of this thread may also not be aware that MII operates www.mining-insights.com to a strict ethical standard, which Members are aware of, and non-Members have no reason to be. Hence the assertion by some readers of public threads that MII Information Products are nothing more than 'tout sheets' is understandable, and highly insulting to Members of www.mining-insights.com.

For the record, MII publications cannot be considered 'tout sheets' for the following reasons:

1. Neither MII as a corporate entity nor principals of MII hold long or short positions in any stock mentioned IF NOT EXPLICITLY STATED before any analysis is rendered. Currently, neither MII nor MII principals hold any position in DROOY or any other South African producer. If we decide to buy any stock, we'll publish it and allow you and the other Members three trading days to get in before we do.

2. MII does not charge nor receive compensation from companies we profile. In fact, we don't even force them to join as Members. Sometimes they do, after the same free trial you enjoyed, and by paying the same amount that you did.

3. Profiled companies do not vet our research prior to publication. They see it for the first time at the same time as you do IF they are on the Member or free trial mailing list. And yes, not all of it is favourable, and there are companies that don't return our phone calls.

4. MII does not trade stocks or earn commission, so MII has no vested interest in pushing you toward any investment decision. Use our analysis to make your own decision. Then call your own broker.

As a Member of www.mining-insights.com, we work to make you aware of money-making and money-losing opportunities in junior mining stocks.

Keep the MII Information Products for yourself - you paid for them.

Jim Steel
Managing Director
Mining Insights Inc.

'Ujina' on Silicon Investor.
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