Int'l Pursuit (T.IPJ) Message Board

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Gold/Mining/Energy : Int'l Pursuit (T.IPJ)

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To: Ron Everest who wrote (326)	6/2/1997 2:08:00 AM
From: Bear	of 835

A mineable deposit is not something that can be assumed or inferred from circumstances or actions of a company, such as buying adjacent property. As far as I'm concerned, a mineable deposit exists when drilling proves it exists, and never before, regardless of what anybody says or does. Thinking otherwise gets people in a lot of trouble; e.g., Corriente. I began perusing the information package I picked up at the Pursuit booth at the gold show. The ore grades of the 6 drill holes are unimpressive. The holes were very shallow; one was only 2.2 meters deep. Hopefully there is more underneath. I assume they are limited in drilling depth by the lack of the 7th gen COWs. We don't know whether there is any mineable deposit on Pursuits's Indonesian properties. There is no deposit there until they prove there is by drilling. Your have no real knowledge that they have discovered a mineable deposit, just an assumption based on circumstantial evidence, exuberance, and hope. I am also concerned about the ore grades on Manlupo. I'm not sure what ore grade is necessary for a mineable copper deposit. Perhaps you can enlighten me on that. I'd feel better if Pursuit joint ventured more of its Indonesian properties with majors. Bear

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