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

To: 24karat who wrote (1393)	12/17/1999 10:36:00 AM
From: the Chief	Read Replies (5) \| Respond to of 1996

I would have preferred a drill program that had adhered to John Ostlers wishes in the earliest of stages, but unfortunately we had to bite the bullet and follow the "majority owners" wishes. This is where we unfortunately got off the rails. Has this project progressed as I wished? Categorically NO, but in saying that, prior to RKR becoming the operator we were not in charge of our own destiny. As operator we can now persue Ostlers approach to this property, which I have believed from the onset to be the correct one. The proof was clearly indicated in the IP, as all the drill holes couldn't have been more accurately placed for a "complete miss". Quite honestly if you wished to miss this structure and had the IP on the table, taken a ruler and measured equidistant measures from the edge of the anomaly into "crap", you couldn't have done any better missing this anomaly than the Chileans did! If it wasn't such a shame it would be humorous. My enthusiasm for this project has not waned one iota. I continued to buy in the .15-.17 range thru the summer. I have followed many a mining project thru my investment career, but have never seen the "massiveness" that this anomaly displays. The latest "rumour" that I have heard is that RKR may have more good news for us outside the anomaly area. My sources say that the size of this anomaly may grow by as much as 50% more over the ensuing months. This property has not even been touched as far as its potential targets and I believe by this time next year we will be very happy with our investment into RKR. My belief is that we will, in the end, challenge Cerra Casale (BEMA/PDG) (18mm ozs gold, 7 billion tonnes copper) in size with no difficulty. If true this project will be worth about 5 times the value of Casale because of its proximity to water, proximity to a full scale copper mine, its lower elevation, its lack overburden, its geological structure and its concentration of Cu/Au per tonne.(Geological structure literally allows the overburden to be pushed over the edge of the mountain. The anomaly extends from one side of the moutain to the opposite side) The interesting thing about my dissertation is that it is speculation at best and can only be supported by drill holes "into" the anomaly. I am very anxious to get on with the millenium drill program and see if our long wait will be richly rewarded, my bet is they will be.....we shall see!!! Are we on schedule? I would say that Tom's ability to raise money has far surpassed literally any other junior on any other market with a "perspective" project. I give him 100% credit for our situation, he has singlehandedly met all of the requirements for payments on this project in the most dreary of mining times and raised money for a drill program. Tom's hype is not unjustified. This project could be the elephant of 2000, and I believe it as well. Hype translates into support, support into money, and money into the realization of this properties potential.....I wouldn't want it any other way. If we had a CEO with a personality of a clam, we would have been shut down for lack of money and the project would be in a majors hands right now. We would sitting on a shell with a 1 for 16 share exchange hoping for BC to put us on our feet so we could look for another property. I have noticed a lack of the same kind of excitement that you so often have portrayed. waiting can be painful, but I have never lost my enthusiasm for this project. I am not the type of person that would get on this thread and "pump" the project, knowing full well it was months away. We have had a number of false starts and don't want to mislead anyone, so I wait. People like to hold onto their money...including me<ggg> There was no logical reason to buy into Rock unless you didn't mind parking your money for the months running up to this drill program and you wanted to take a chance that .15c was the low, hindsight says it was. I and others believed that .15c was chump change and bought in, but at the time it was .15c nothing was going on, so was it a deal? Yes, but only if you were into the longterm commitment and believe that you were buying into something special, I believe I am! Sorry for the long post the Chief