Mt. West--Best gold/energy combo Message Board

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Gold/Mining/Energy : Mt. West--Best gold/energy combo

MWR 25.79

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Jul 27 5:00 PM EST

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To: Robert McCullough who wrote (28)	9/19/1997 9:02:00 PM
From: Dale Schwartzenhauer	of 77

The independent report is in and under consideration for a partial re-drill from the existing wellbore. The cost has been broadly estimated at $100,000 - $260,000. Additional bids are being sought. We should know within the next couple weeks how the project proceeds. Meanwhile, MWR is sitting in the catbird seat with 100% control of the Elkhorn claims previously under option to Santa Fe Gold, and relinquished by Newmont. Newmont is in the process of disposing of its own claims to an undisclosed third party, who is the likely partner for a new J-V on MWR's property. It could get real interesting in the next few weeks. Dale

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