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Gold/Mining/Energy : South Pacific Resource (C.SHF)
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To: Robert Dydo who wrote (1918)12/6/1997 1:27:00 PM
From: Ronald W.Millar  Read Replies (1) of 1980
 
Robert:

It does not look too good...but I notice the following in the press release..

"Teck and MM Gold requested and were given until December 19, 1997 to determine whether they will still proceed with finalizing the terms of another Agreement in Principle concerning a joint venture over the Mirih project."

There is some hope that there will still be a Joint Venture on that property.

I own shares in Indomin Resources and their proposed JV with Normandy was also cancelled .It appears that unlesss these companies can see a 40 million ounce deposit with minimal expenditure,they will walk away from any Joint Venture.

Oh well...this roller coaster ride just keeps getting bumpier all the time.

Regards:

Ron
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