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Gold/Mining/Energy : Steppe Gold (SPE:V)

SPE 15.24

+0.3%

Nov 7 4:00 PM EST

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To: brian krause who wrote (830)	3/30/1998 8:36:00 PM
From: S. E. Baker	Read Replies (3) of 1248

Hi, Brian. SPE downsized the Mizek project about a year ago, if I remember correctly. It was originally a much larger project with two to three times as much production, most of which was to come from the underlying sulphide portion of the deposit. Last year(?) they cut it to the oxide-only heap leach operation, which cut their needed investment way down to the current $20-25M. I'm sorry I can't be more specific about the date this redesign actually happened. Perhaps someone else on the thread could say when it happened. Steve

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