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Gold/Mining/Energy : SRU-ASE : STARFIELD RESOURCES -- Ignore unavailable to you. Want to Upgrade?

To: jamesandrews who wrote (756)	2/8/2000 11:15:00 PM
From: CIMA	Respond to of 1239

From Raging Bull: ragingbull.com Dialogue with Jim Steel from the Mining Insights chat forum on Starfield: 4 . "Long on Starfield" Posted by CIMA on Feb-08-00 at 05:10 PM (EST) I got into this play at the PP stage back in the spring of 1998. I'm impressed with management and the technical staff with whom I've established relationships with. The spring drilling program could tell the tale for SRU and hopefully draw serious attention from the majors. It appears the tonnage is there and grades are rumored to be understated from the initial lab results. Apparently the company is having core reassayed a second and third time due to conflicting results with INCO data. Appreciate the writeup Jim and your positive outlook bolstered my confidence in the company. 5 . "Well, yes and no..." Posted by Jim Steel on Feb-08-00 at 08:30 PM (EST) Whenever you pick up a property that was explored a long time ago, it is a good idea to run all the assays again that you can afford (if you still have the splits and can reconcile each one with the assay results). So if the assay results are understated and turn out to be more, then all the better for the eventual economics of the project. However, you could argue that the grades are sufficiently good right now to turn the rightful attention to the quantity in the ground. Strictly speaking, Starfield hasn't yet identified the critical mass tonnage in the ground. My conclusion in the writeup is that the original depositional system was probably sizeable and strong - still, that could mean little when you apply a strong dose of Canadian Shield type tectonics and two or more phases of metamorphism and structural upheaval. Don't worry - if it is there, Bob should find it. Jim