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Gold/Mining/Energy : Rock Resources -- Ignore unavailable to you. Want to Upgrade?

To: Syncrude who wrote (1363)	11/15/1999 11:04:00 PM
From: Claude Cormier	Read Replies (1) \| Respond to of 1996

Syncrude, I am not the best guy to ask on RKR. The Chief knows a lot more. Let say that I am following just in case... I don't see yet the big deposit, but there appears to be potential.

To: Syncrude who wrote (1363)	11/16/1999 8:55:00 AM
From: the Chief	Respond to of 1996

Hi Syncrude. I know I have answered this question before but can't find it on the thread. So here goes; John Ostler was an independant geologist who was doing work in Chile. Rio Tinto (RTZ) had a "first option" on a property owned by a Chilean by the name of Claudio. RTZ procrastinated for sometime and Claudio wanted the property "worked" so gave an ultimatum to RTZ. RTZ hired John Oslter to research, document and "value" the property for RTZ Mr. Ostler produced a document that outlined what he believed to be a huge potential for this property. He submitted the study to RTZ and suggested they exercise their option ASAP. RTZ at the time was developing two other properties as well as pursuing a takeover of a company in Australia. RTZ procrastinated further. Claudio, the owner, got p*ssed off at RTZ and told John Ostler that he would remove RTZ's first option, if Mr. Ostler could find a company that would "do a deal" and work the property. Mr. Ostler knew Mr. Kennedy of RKR and approached him. Tom flew down to Chile and based on John's assessment inked a deal with Claudio. RKR then hired Mr. Ostler to continue as a RKR geological consultant. RTZ was very upset but didn't want to disturb their other Chilean investments. This is my understanding of how this came about. This is why RKR is the only "junior" on this fault....period! Which initself is a coup. Confidentiality agreements are fine, but all it means is that whatever the majors see when they review data, won't be revealed to others. It is a two way street, ie. good or bad, the opinions simply don't get advertised. What really counts is if any of the majors will get sufficiently interested to fund more drilling. Thus back to my original pondering....why did these same majors miss the property, or did they? I would agree, but majors don't normally sign confidentiality agreeements unless they are impresssed with the geology. When we start our drill program in January, we will likely do a 20 hole program, during that program if we hit, what we think we will hit, then those confidentiality agrements coupled with standstill agrements prevent these guys from a "turkey bid" for Coiron. So yes, it does work both ways. I don't have to tell you that "penny stocks are risky stocks" I have seen all of the geological data that Rock has to offer and have been impressed with the property since day one. I have had two independant geologists look at Ostlers original study, both recommended buying the shares, which by the way, were at higher prices than they are at now. I have fattened up a Crow to about 32lbs and am willing to eat it, if this property doesn't turn out to be an elephant! the Chief Disclaimer Always do your own DD, consult a professional for guidance for any investment.