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Gold/Mining/Energy : ATLANTA GOLD CORP. (TSE:AAG)
TWG 3.940+1.5%3:59 PM EST

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To: Ron Everest who wrote (175)1/20/1997 7:27:00 PM
From: burner   of 495
 
I think they are just simply not quite ready to drill. There may be weather related problems to deal with if they become affected by monsoon season which also may affect drilling. They are still trenching and locating appropriate drill targets. Some of the properties have Agreements in Principle already and I believe that is enough to go ahead and drill. On some of these properties they don't have to wait "till the COW's come home". I understand that Hermann has a very good relationship with one of the wealthiest families in Indonesia and that some of the properties may actually belong to this family. Apparently, he is very well liked and has probalbly established a number of influential contacts from his days with Minorca. I think he is going to prove to be the most important event in the short history of this company's involvement in the Indonesia.
Dan
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