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Gold/Mining/Energy : Latitude Minerals LTU.V
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To: Spiney who wrote (81)9/21/1998 11:44:00 PM
From: Joel W. Grothendick  Read Replies (1) of 366
 
Spiney,
In regard to the 1.8Mil oz Au under LTU control, this is the breakdown
as I understand it:

1) Kilgore prop: 700,000 ounce global resource with 417,000 classified
as proven. Added note - drilling to commence very soon.

2)Miller Mountain prop: 900,000 global resource with 275,000 ounces classified as proven.

3) Blue hill Creek prop: about 225,000 ounces global resource.

I think the ounces proven could be valued at significantly more than
if it were resource only. Anyway, IMO ltu is still way undervalued
at this time.

Joel
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