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Gold/Mining/Energy : Micro-Fine Gold Plays - Franklin Lake, etc.
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To: Grant Baker who wrote (281)1/23/1997 9:35:00 PM
From: George Alazar   of 615
 
Grant: I think there are some real questions as to how far KILO ever even tried to develop the Johnson Valley property. I was a shareholder for more than a year and never felt I could get a handle on what they were actually doing, where they were doing it and with whom. For all the names bandied about, Dr. Groves being one of them, and all the reference to the activity at the pilot plant I somehow never got the picture. CHIP has a clearer identity in just a few months. more a few months. Did anyone visit the JV pilot plant? Were they really doing research there? AT best KILO's commitment was questionable and, IMO, it's a positive development to have them weeded out of the desert ore pack. This area of mining has entered a more mature, credible stage and only the serious players will be rewarded by the market. I believe big money is poised ready to invest, witness Allen and Naxos, Midas/Rothschilds already in IPM, and rumors of majors sniffing around the playas. In the weeks to come the market will begin to narrow the field to a few credible players. KILO is out, so might be Canadian Zeolite?(forgot new name). The big money will pick the companies with the big potential to deliver, bigtime.......George
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