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To: VAUGHN who wrote (924)	6/11/1999 2:28:00 PM
From: Richnorth	Read Replies (2) \| Respond to of 1030

If I may venture an opinion, it seems that some investors (how many I don't know) are being very optimistic.............. By the way, the private placement shares that were bought @25cts each in March will become free-trading on Monday July 14th. If the present price holds, I won't be surprised that many cautious investors will be cashing in at least half of their private placement shares to recoup their outlay and continue to speculate with the remainder. Maybe some folks are driving up the price for the big selloff? Or they somehow happen to know more than others, eh? Maybe the stock will take off next week? Who knows? Just my opinion only! Regards, Richnorth

To: VAUGHN who wrote (924)	6/12/1999 4:11:00 PM
From: Dave R. Webb	Respond to of 1030

I have heard of different rumours over the past few weeks, including one from Yellowknife that there would be a news release out Friday. Obviously not. On occasion, people who are anticipating news will buy into any rumour, because it's what they want to hear. It kind of feeds on itself. There has been no news release, nor have their been any material change in the company's status or properties. Lots of anticipation, and the company is busy, but when there is news, it will be released promptly. Dave