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Gold/Mining/Energy : Fairmile Gold

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To: Steve Stakiw who wrote (3192)	10/24/1997 10:10:00 AM
From: I_C_Deadpeople	Read Replies (2) of 4057

Steve, I am not sure you should have even bothered with this release. By the looks of it, FLA spent over $2.0 million US (1.4m from Echo plus AT LEAST .6 m of thier own money in the program prior to the EB alliance) and we come up with a STUNNING increase in reserves of 90,000 ozs. I noticed the market was so "caught off guard" this morning we fell 4 cents. Maybe they thought we were a Hong Kong stock.... sorry for the ranting but I am REALLY getting pissed off at this stock and it's lack of progress.. Steve, it is time to start getting some straight answers about this property: 1. The purpose of this year's program was to "maximize the shallow potential of the a/b/o and to test the newer targets to find out if they had potential". Given the release, can we now assume that none of the other targets ( except this new F zone where "it looks promising but we have no results" ) are worth anything? In 1996, we kept hearing about the promise of targets I and C. In 1995 it was Target J. This year it was L. So 1998 it is target F east? 2. What information are you and Tom Kelly planning to use to promote this stock that is not available to us? I have trouble picturing anyone getting excited about this stock based on the a/b/o low-grade resource plus some "promising" targets where there is little or no drill results released. You have no hope in hell in promoting this stock without some kind of "blue sky" potential. There is a piece to this puzzle that we are missing and it is getting irritating trying to figure it out by ourselves. I am having trouble seeing why Echo would pay $3.00 for more stock in FLA at this time. I can smell a renegotiation coming at a MUCH LOWER price..... Sorry for venting but as a long time FLA shareholder, each day it gets harder to believe that this stock still has the potential it once had. EW

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