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Gold/Mining/Energy : SSRIF Silver Standard Resources

SSO 112.64

-2.2%

Nov 6 4:00 PM EST

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To: Douglas Freeman who wrote (187)	7/17/1998 10:10:00 PM
From: MICHAEL HOCKING	Read Replies (1) of 403

I agree. Spoke to Paul.L of investor relations today. He says their is enough concentrate held in Canada with an injunction on it to cover the loss on the Russian Loan. He said the funds are not selling, just little guys. Most will buy back once it triples. He said they hope to have their money back by Christmas. He also said new resource calc. for Aust. due mid August and Quartermain is in South America looking at more properties. Also he said that CPM group predicts $8.00 silver in 4th quarter 98. They are preparing a nice run of news in preparation. STill Long

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