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Gold/Mining/Energy : Chapleau Resources :VSE>CHI

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To: Mike M who wrote (10)	2/10/1997 8:07:00 PM
From: Wil Girney	of 118

Hello Mike M Let me respond to your letter as it has some very strong points that I have also considered and debated with myself in the year and half that I have bought and sold this stock. I have been positive and also very negative about this stock at various times. I feel extremely good about the stock now I have been a winner and loser with this stock over that time frame. My take on what is happening at the Chapleau site goes something like this. I have asked lots of opinions concerning this property from different people with different firms. Only one person was negative with regards to this stock. The best I have heard independently (I mean a totally independent source) is that Chapleau has been defining the parameters of the ore body on their property. Two weeks ago they started touching something with their drilling program. Hence the price spike. Further drilling started pulling this together. The news release seems terrific to me. Also the company is very solid with lots of cash and the people behind this thing know what they are doing. Why the price didn't climb today, well I think there were a bunch of reasons. Maybe someone else can give there take on these reasons and we can compare thoughts.

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