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Gold/Mining/Energy : Zappa Resources ZPA vancouver

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To: Alan Whirlwind who wrote (955)	5/31/1999 8:57:00 PM
From: G.T.	Read Replies (4) of 3198

You & Dean Are correct in your math. The problem is in the current market mood. Nunisco was a good example, People said it would turn out to be a big area play and what happened a one or two week blip. EMC will have to find a sizeable high grade deposit before people will buy ZPA as a way to play the EMC drill program. As I noted before ZPA does not receive the two million EMC shares until September. By that time the market will have the information necessary to evaluate the value of EMC's two properties. Like you and dean I hope EMC shares are trading around $5 or more per share then ZPA would be worth 40 cents per share cash. If this is the case would CBJ put their hooks further into ZPA ? or would they let ZPA move forward on their own ? look forward to EMC drilling and the results to follow.

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