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Gold/Mining/Energy : ORXX - Orex Gold Mines Corporation -- Ignore unavailable to you. Want to Upgrade?

To: Gazza who wrote (2160)	10/25/1999 4:30:00 PM
From: Ga Bard	Respond to of 2392

That basically concurs with what I was told also today. I have a call in now for the restricted share count. :-) GB

To: Gazza who wrote (2160)	10/25/1999 4:44:00 PM
From: J. Nelson	Respond to of 2392

Gazza: One question, is that 7x24 for the 97 tonns that = $24,000.00 Gross, a day? I'm a little lost on the numbers as I was using a smaller number for the tonns.. Also if the number your using for the $24,000.00 a day is what comes from the 97 tonns what price per oz are you using for Gold? Thanks, Jim.....

To: Gazza who wrote (2160)	10/25/1999 5:11:00 PM
From: Tim Hall	Read Replies (1) \| Respond to of 2392

Gazza, Orex Gold Mines Corp. Acquires Santa Maria Mining Corp. CORAL GABLES, Fla.--(BUSINESS WIRE)--Aug. 16, 1999--Orex Gold Mines Corp. (OTC BB:ORXX) announced Monday that it has acquired the Santa Maria Mining Corp., a California corporation. The acquisition will set in place the assets, personnel, mining equipment and expertise to develop properties for the Haber Gold Process (see www.orexgold.com). Santa Maria Mining Corp. owns the Santa Maria Mine and Mill located on the Santa Maria River near Wickenburg, Ariz. The 480 acre property covers substantial reserves of moderate grade (0.25 oz/ton) oxidized gold ore and a fully permitted subterranean gold mining operation. .25 oz/ton X 298.5 $/oz (10/25/99 spot price) X 97 ton/day = = = 7,238.625 $ per day. Also, from the 20 year old ground water permit that GA Bard posted, they can only run 10 tons per day. What are we missing here? Tim