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Gold/Mining/Energy : Rock Resources

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To: Elizabeth Andrews who wrote (1168)	5/27/1999 8:51:00 AM
From: the Chief	Read Replies (2) of 1996

It is my guess, and it is a guess, that RKR intends on waiting for submissions from the majors to then determine their options. It would seem foolish to me, to procede with a drill program at this point without seeing some proposals from the majors that are interested. If a major were to believe, like Rock, that this property has significant potential, he may propose a complete drilling program, or expenditures of $x,xxx,xxx over 2 years..... and if viable.... development into final production. I realize that that is a large leap from where we are, but the point is, hitting 3 dry holes on a limited budget right now would be devastating for RKR. Is it possible to hit 3 dry holes with a deposit that may contain 1 billion tonnes of Ore? Absolutely....so what do you do......weigh your options, I would think! just my opinion the Chief

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