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Gold/Mining/Energy : Millstream Mines (MLSM) -- Ignore unavailable to you. Want to Upgrade?

To: hugh thorne who wrote (152)	7/9/1999 11:53:00 AM
From: Brumell	Read Replies (1) \| Respond to of 664

Augen Capital was involved with financings for both Foran and Millstream. I didn't read the piece in Investor's Digest but I think they were referred to there. Augen very kindly sent me a copy by e-mail but I wasn't able to open the .dat file. I think you've hit the nail on the head about "not started working with this stock yet." My impression is the company had little interest in promoting the stock. For some time there has been a major exploration effort underway with extensive geophysics and drilling as we now know, started several weeks ago. The company said nothing. Don't know what their reasons were for the silence but I'm sure they had some. My impression is the silence is over. Don't know yet how they'll be handling assay results but should soon know. Everything is in place with MLSM to create a market and my hunch is we'll see a good one. Unfortunately, that's just a biased opinion, Hugh. Bob

To: hugh thorne who wrote (152)	7/9/1999 5:46:00 PM
From: Brumell	Read Replies (1) \| Respond to of 664

Just another quick tid bit, Hugh, Talked with MLSM I.R. today. Word is the third drill will be starting on the newly discovered anomalies before the July 20th date given in their last NR. While no date was given, later next week would appear likely for this start. I've been trying to guesstimate timing for each branch hole to be drilled. Wish we had an experienced driller on this thread. Word I get is that it will be quicker and cheaper than drilling new "master" holes but still time consuming. Each wedge apparently provides about 3 degrees of deflection so several wedges are required for each branch hole and setting each wedge can take time. From other investments, I know wedging has it's risks. Try for too much deflection and the bit and rod can be jammed and/or lost causing other potentially serious problems including use of the master hole. With Bradley they have experienced drillers but progress may not be as rapid as first thought and they'll be starting with the bottom branches first. Regards, Bob