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Gold/Mining/Energy : Bomax Resources - BXS.VSE

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To: Sudhir Khanna who wrote (68)	1/7/1997 3:46:00 PM
From: Leigh McBain	of 313

Just a quick note with regards to the previous financing attempts. They had not until this last go around managed to get the appropriate signatures on the appropriate dotted lines with regards to Surinam. This is now done and I believe opens the door to actually put togther a financing. I just spoke with Jim and was informed that along with trying to get the final i's and t's routine done on the European granite plan they are also expecting to have a signed road building contract in the next few days. If you recall this was part of the business venture in Surinam. It is not too splashy but does offer cash flow and profit! I am not, and will not, defend the process of how the company got to this point and I believe the suggested number of shares to be issued in conjunction with the Surinam deal is too high. I do believe that there is still excellent potential there however. Salut, Leigh McBain

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