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Gold/Mining/Energy : Standard Mining, ( Formerly Quest International ) -- Ignore unavailable to you. Want to Upgrade?

To: James Mortensen who wrote (179)	10/7/1999 9:49:00 AM
From: Robert J Mullenbach	Respond to of 462

I just dug deep yesterday, just in case, this is for real. I am going to do some work on the numbers at Damoti, and Market Cap. I just found the News release we got in mail on Aug 19,1997. Jim Golden , President of Sierra Mining and Engineering. he figured there was 4 to 6 zones, and with the deep hit at 810 to 818 ft of .0434 oz per ton, that blew out the old theory of a shallow syncline, That's why I stayed, DAMOTI LAKE, now it look like ZOPILOTE could be the real McCoy too. All I have to do is think of the Lupin Mine, and I sure can see the 2.5 to 3 mil oz easy at Damoti. maybe more, that's some high grade stuff. I am going to use 20 mil shares on my valuation. (18 mil out now, 2 mil more on flow thru for Damoti.) That would be super to sell Atlanta, I think it must be close, with the new gold price, and TWG stock flying high, This is crazy, I really do not like to do appraisals , and I am a Broker, but I go crazy on gold stocks. Any way, AEM is taking care of business for me, I like the old school better, AEM has never hedged, Paul Penna learned how the gold market works, you have to have Cash in bank, and not to much debt, to be a true gold mine. Kaplan is great in some things, and it was NO surprise about the hedgers to ME, I go in to all the crazy stuff, that turns out to be true, I think ABX could be called to carpet.!!! When I get time, numbers will be out. IMO, this is for real, AEM is my standard, over 9 and I am full bull. AEM is my Standard and Standard Mining is my AEM.!!!

To: James Mortensen who wrote (179)	10/8/1999 12:03:00 AM
From: Robert J Mullenbach	Read Replies (1) \| Respond to of 462

Jim, great work up on Zopilote, Here is my kind of Guy. home.c2i.net If he would would only tell it like he feels. LOL XXXXXXXXXXXXXX Old figures on Zopilote, AUGUST 8, 1996 Value of Quest's Honduran Asset Approaches Total Company Market Cap RENO, NEVADA--Quest International Resources Corporation and its wholly owned subsidiary Aurora Exploracion (Honduras) S. de R.L. announced today the completion of an internal feasibility study on its Zopilote Property in Honduras. The study concludes that Zopilote contains a minable and recoverable reserve of approximately 157,000 ounces of gold at an average grade of .049 ounces of gold per ton. Capital costs to put Zopilote in production are estimated to be 5 million dollars with cash operating costs forecasted to be $200 per ounce. This property is expected to result in a net cash flow from operations over a six year period of 29 million dollars commencing in calendar 1998. Zopilote is owned 100% by Quest. During the month of July, two major mining companies conducted a conservative property evaluation of Quest's Zopilote Project and confirmed the reserve calculations. Quest is currently preparing a Request For Proposal (RFP) for a bankable feasibility study which will be prepared by a reputable outside engineering firm and pending results will explore options for loan guarantees which may be available from the World Bank and the International Monetary Fund. An application has already been filed for the Environmental License with the Honduran government which will allow conversion from an Exploration Permit to an Exploitation Concession. The Zopilote ore body is still open on one side and has excellent geologic potential to double or triple in size, according to Don Gustafson, President Quest International. XXXXXXXXXXXXXXXXX Zopilote Last up date on Reserves in Honduras. RESOURCES: In-Place Mineralization Main Resource Area: 4,747,000 tonnes @ 1.64 gpt Au New Resource Area: 2,246,800 tonnes @ 2.07 gpt Au Total: 6,993,800 tonnes @ 1.78 gpt Au (400,300 ozs) Standards ore looks rich . So far, and that doen't even figure the new anomaly. XXXXXXXXXXXXXXX One buy for 4,000 today, bid raised to .19, penny by penny, we are getting it back. We got killed on 1 for 5, but I figure to make it back at this price. Went thru same think with DBLE, and now it 3 5/8. Oil depression, NO buyers All I have to think is what is at Damoti, and it is all worth it. Someday.

To: James Mortensen who wrote (179)	10/13/1999 10:27:00 PM
From: Robert J Mullenbach	Respond to of 462

Jim, I ran a check on standard mining for web site. the name is taken already. the site comes up, but under construction. standardmining.com What can ya say, I sure don't think that is us. I sure wish it was, I would put one up, if not to expensive, just for informtion, The old Quest one is history. if you ever want to run a check, do it here. networksolutions.com I can use tyrexresources.com, but not tyrex

To: James Mortensen who wrote (179)	10/14/1999 1:10:00 AM
From: Robert J Mullenbach	Read Replies (2) \| Respond to of 462

Jim, I am going to figure Zopilote this way. 100 million cash flow. IMO check my work. I am figuring that 1 mil ozs is there, time will tell, but 150sq Kil, and two new anomalies, that's not a bad number. gold price, low figure over a few years, 310 average, cash cost per oz 200, high figure. market value of product, + 310 million. cost of production, - 200 million. mill, etc, - 10 million ________________________________________ net profit 100 million cash flow. Now look at this, I would bet my bottom dollar, more gold is there, just look at our neighbor, they are finding and adding reserves all the time. XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX somebody is going to want to J V this, IMO. no hype, just going on facts. XXXXXXXXXXXXXXXXXXXXXXXXXXXXXX The company's exploration program is continuing at its Zopilote property in Honduras. A senior mining company and Standard have joined forces to expand the soil-sampling grid on the property. Standard has agreed to let the senior company review all soil-sample assays on the property in return for that company paying for the assaying costs associated with the collecting of the soil-samples by Standard personnel. There is no other obligation by Standard to the senior company. Soil-sampling to date has shown that the anomalous zone is much larger than first anticipated. The soil-sampling continues to identify drill targets which could possibly expand the existing gold resource. The company is preparing to review past work on the Damoti Lake property in the Northwest Territories. The property is approximately 200 kilometres north of Yellowknife. It is a lupin-style banded iron formation gold deposit with a drill-indicated resource of 620,000 ounces. The property is structurally complex with many high-grade gold intersections. An exploration program will be designed to continue the exploration on strike. The structure appears to be continuous over a length of 12 to 13 kilometres.