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Gold/Mining/Energy : Uranium Stocks

URNM 55.53

+1.0%

Nov 7 4:00 PM EST

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To: tango who wrote (56)	1/15/1998 3:28:00 PM
From: Leigh McBain	Read Replies (1) of 30100

Tango - just one additional note, I spoke with Corrina de Beer (IR for WWS) and according to her the cash on hand is just under 2 million, there is a 60 million dollar line of credit, however that is usable for the building and operating of the mine ONLY. That would suggest that JNR with their $1.9 million in open capital from the PP and the financial commitments from Kennecott, are not in bad shape. I had a good chat with her and have requested to be added to her distribution list, I was duly impressed by her tact and approach to business. I thought you might be interested to know that she was actually quite complimentary of JNR and their business approach. However, as she pointed out in the conversation, the 2 companies, although both in the uranium business, are very different plays with different plusses and minusses. Salut, Leigh McBain

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