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Gold/Mining/Energy : ASIA PACIFIC RESOURCES

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To: George Hassen who wrote (1410)	2/1/2001 12:21:07 PM
From: the Chief	Read Replies (1) of 1437

The mine is vaible if they can get the money. The money is in the hands of a potash operator. They don't want this mine to come on stream. Thats why I pooh-poohed this BS NR of APQ, that stated that Betchel was going to be their partner. The process has always been "find an operator with potash background".ie Agrium, POT etc etc. Then the operator would "instruct/supervise the contractor. We couldn't do a deal with any Potash people...none, so in desperation Wright tries to pawn a NR off on the world that appoints the contractor as the suitable replacement??? Banks don't like lending money to a penny VSE stock hiding on the TSE that has no previous knoweldge of the potash industry. Nor do they like the risks associated with the geographical area. So, my opinion is that APQ is dead money till they sign a potash producer......and since Wright has burned alot of bridges with the "big boys" I don't expect that to occur in my lifetime. Thats not to say APQ is not a good deal at this point, because I'm sure haywood will drive it up and then move it down to establish some capital losses as the year progresses. So play the pops the Chief

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