Steppe Gold (SPE:V) Message Board

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Gold/Mining/Energy : Steppe Gold (SPE:V)

SPE 15.16

-0.6%

Nov 4 4:00 PM EST

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To: brian krause who wrote (1117)	11/28/1998 11:30:00 PM
From: Robert Dydo	Read Replies (1) of 1248

"The Company's development plan is for the sequential development of the Mizek heap leach gold project followed by the Kosmurun and Akbastau copper-gold-zinc projects. Successful startup of Mizek, currently scheduled for the third quarter 1999, will be a very important milestone for the Company. Mizek will generate the cash flow for on-going growth and will be the first "greenfield" mining project to commence production since Kazakhstan's independence in December 1991. The Company's current plans are focussed on completion of equity and debt financing required to progress the Mizek project. It is anticipated that this will be in place in time to enable purchasing activities to commence during the winter months, thus allowing site construction to re-commence during Spring 1999." Is anything like above taking place right now? Looking again at the pinky annual. I suppose there was a matter of issuance of additional equity (15M shares)at minimum of 0.20. Difficult thing to do with the current price. It looks like a consolidation is the only thing, but again that would require a GM again, wouldn't? Regards Robert

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