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Gold/Mining/Energy : Barramundi Gold

BAM 53.90

-0.9%

Nov 4 3:59 PM EST

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To: Todd McMurray who wrote (12)	3/4/1999 11:31:00 AM
From: Ross Orr	Read Replies (1) of 99

Hello, hello, is there anybody out there? Press release out this morning at 11 am. Company has received their Class B water license from the Yukon government. This will allow the company to mine 10 tons per day next summer (2000) as part of the bulk sample program. The significance of this is that the company will undertake an operation that is targeted at learning more about the vein system yet will provide a healthy profit to the bottom line. This way, if the drilling of the large anomaly turns out to be disappointing, the company has a fallback position and should not have to return to the market for more capital. Ross Orr

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