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Gold/Mining/Energy : Houston Lake Mining [HLM-ASE] -- Ignore unavailable to you. Want to Upgrade?

To: Jason Marcotte who wrote (271)	1/6/2000 9:07:00 PM
From: DRT	Read Replies (1) \| Respond to of 364

Supply uncertainties, requirements to meet low emission standards, substitution of platinum for palladium is counter to what R&D efforts have been focused on, etc. All in all, Russia holds the trump card - no shipments means higher prices (long-term). It would certainly be timely to see work on Tib Lake with palladium prices where they are and Lac des Iles' increased resource, planned mine expansion, $3 million exploration program starting in January, etc. Any thoughts on how that one should proceed - JV may be the least painful/minimizes share dilution, etc.? DRT