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Gold/Mining/Energy : Paramount Ventures & Finance

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To: Flea who wrote (555)	3/18/1998 10:01:00 AM
From: Lazarus Long	Read Replies (2) of 4884

Martin, That is great news from CNB. I always thinks its nice when the JV partner has money to do the work programs and they announce that they are going to be spending the money to our benefit. Had a really nice talk with Paul yesterday. He told me that he had a great trip to SA and that he met with 6 majors and 1 local company while there. Apparently at least 2 of them are doing some aditional DD on the property but he expected that in about 4 weeks PVF should be receiving some proposals. He also said that he had come from some very good meetings with CNB and that he was very encouraged by what he was hearing on the diamond properties in Brazil and Canada. When I queried him on when we could expect to see some news from that quarter he said he expected that it would be 4 weeks or so before any news came from the JV. He didn't give me any details or cross any lines with me but I would say that he is very pleased with what has gone on recently and what he expects in the near future. Lazarus

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