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Gold/Mining/Energy : Black Swan

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To: m.philli who wrote (3137)	3/22/1999 5:53:00 PM
From: John Fairchild	Read Replies (1) of 3186

I doubt it Mike. It surprised me how forward he was with this significant info. He keeps track of what is happening pretty closely. When I asked him how much gravel had been process so far he did some math (out loud but to himself) of the last several days of daily plant throughput to come up with the 9,000 cubic meter total. It really surprised me when he quoted the gold grade. One other item of significance is that the gravels being processed are free of clay. He is the new President as per March 15 NR: Stephen Fabian has been appointed president of the company with the task of rapidly bringing the diamond properties into production over the next two years. Mr. Fabian's background is as a mining engineer and investment banker having worked in Australia and London. He is a resident of Brazil where the company's principal office will be based. I think the company has real potential of becoming a cash cow for financing future exploration while maintaining a large cash reserve (just over $10 mil). Also I have spent some time reviewing the results from Cata Preta (from 96 & 97)and I think that if gold ever recovers this property will have some good value. John

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