Caussa Capital (formerly Antares) T.CAU Message Board

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Gold/Mining/Energy : Caussa Capital (formerly Antares) T.CAU

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To: bill718 who wrote (1553)	11/26/1997 10:13:00 AM
From: John Alan Snape	Read Replies (3) of 4718

Wayne & other ANZ investors, Some other interesting info/updates; 1. Hearing that there are approx. a total of 74 holes drilled to date. 21 of those were originally released. All approx. 100m apart hence the possible decision to go to resource instead of reserve at this stage. 2. Labs in indo backed up severely NOT that the rigs have discontinued or slowed down some. The delays will continue. 3. Some of the silver results are in the neighbourhood of 300 gms. per ton. This would make the gold equivalent considerably higher. It would also lead us to believe that we make get a bigger push if these results are what we are hearing. 4. I have also heard there will be two mines on the property. It will cost approx. 200 million and they need to raise approx. 27 million by mid point next year. They also want the Tambang area in production next year. It appears then they have targeted the easiest area to mine deliberately to get much needed cash flow. 5. The 10 million left with Antares is tied up almost completely with commitments next year therefore both of these companies would like this stock up ASAP to bring in more funds. That is it for now. All the best. John S.

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