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Gold/Mining/Energy : ADRIAN RESOURCES

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To: Jim & Elke Mitchell who wrote ()	7/5/1998 8:44:00 PM
From: CRT	of 56

Still in for the long haul on this one. Its certainly had a nice bounce off the bottom at 36 cents running up to 75 cents on little volume. I spoke to the company before the Teck announcement, knowing they had cash in the bank to see if there was anything else in the works. The answer I received was that they were still looking for suitable properties and didn't feel comfortable just taking anything to hype the stock. They appeared at that time to be concerned about the stock price but the property speaks for itself. If Inmet gets taken over it should be interesting to see what the new owners do with their percentage of this property.

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