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Gold/Mining/Energy : ETC Industries - Gold - Peru

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To: pete meyer who wrote (152)8/7/1997 5:43:00 PM
From: pete meyer   of 244
 
another statement from Gary didn't tell me much but I think there will
be some news out soon they obviosly want to keep the price at this
range or higher:

My Question was why does QTR need EIL as a j/v partner?..does anybody
know if there are any duplication on the boards of either Co.??also
I asked about the 4 th hole .

We have a good working relationship with QTR. We have fulfilled all
obligations to them & they to us. QTR has about 144 properties and they
don't have the manpower to do them all. We are negotiating to take 3 more
properties and to be the operator. We will delay the 4th hole on the Mata
Mata until we know which mantos to drill next.

pete
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