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Gold/Mining/Energy : Fairmile Gold

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To: Marcus Bernard who wrote (3639)	8/13/1998 12:50:00 AM
From: saul mikaliukas	Read Replies (1) of 4057

Marcus your e-mail address says it all...... (marcusb@sickkids.on.ca) Anyway...I have not posted on this thread for awhile since, I became sick and tired with all the moaning and groaning....I do that in my the privacy of my office and sometimes even drop a tear or two...The Canadian Junior and Major Exploration stocks have been devastated beyond all reason and sanity. This is not just Fairmile!!! We must all come to the conclusion that the expression of "Blood in the Streets" really means what it says. There are many superb, well established and financially strong companies that are hitting new yearly if not 20 year lows. The explanation for all these shareholders is that the gold market is hitting 18+ year lows...so what does the private placement announced by Fairmile really mean???? In my opinion it means a number of things....Firstly someone is willing to fund Fairmile's drilling even if it is only a few holes...$258,000.00 is not a drop in the bucket during these difficult times for the Junior Exploration companies....I am sure this investor is not throwing that money to fund Tom Kelly's salary.....Secondly how many juniors are drilling in today's environment compared to say, 1996. A small percentage! Finally, I don't know about any of you skeptics and die-hards out here but, I am certainly impressed by Fairmile's management for being able to even raise $285,000 in this crazy market and I will anxiously wait for the drilling results Best regards to all!!!

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