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Gold/Mining/Energy : Starpoint Gold

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To: Sean Bork who wrote (1686)	8/27/1997 5:49:00 PM
From: GWalker	of 2378

The point of my last post was to make sure people understand that there is no reason to get excited until we all get more facts. Yes I am happy that STS actually has some property now( in fact I'm happy with any investment that goes from 0.15 to over 0.30 in a short period of time!!), but it really doesn't mean very much until the potential of the property can be established. Sean, I thought what I was saying was pretty obvious, but if you want things spelled out here you go: STS's strategy has been to secure concessions in troubled areas of the world where previous exploration or minning activity occured. Thus it allows them to take the risk of working in this somewhat dangerous or uncertain area with hopefully a better understanding of the economic potential. They had lots of info with their previous diamond concession. This time it is quite clear that they don't have near the amount of information available. why... Read the following snipits from the latest press release: "An independent consulting geologist accompanied company officials to the Democratic Republic of Congo and a search by him of old mining records has revealed two reports relating to the gold and diamond concessions" This tells us that they didn't have this knowledge before they secured the concessions. "It is uncertain what areas were sampled or what portion of the claims were" More uncertainty... "The reports contain no information with respect to methods of production, costs of production, or grades of gold." More uncertainty... "No information on the tantalite concession or additional information on the previously announced Luiza concession was obtained." Wow, they have a concession with no info... Those are my facts, I will leave you to make your own conclusions. Graham

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