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

To: Elizabeth Andrews who wrote (800)	2/25/2000 9:13:00 AM
From: CIMA	Read Replies (1) \| Respond to of 1239

Okay,I'll accept that. A major (not majors) let the property go based on fifties data. Remember Homestake wanted to JV the property in the eighties but INCO turned them down. New data indicates INCO read the property wrong (wouldn't be the first time this happens with INCO). An economic mine is still very possible here. This coming third phase of drilling under the lake is extremely important as new data indicates the higher grade ore is there.

To: Elizabeth Andrews who wrote (800)	2/25/2000 11:20:00 AM
From: FooFooTheSnoo	Respond to of 1239

"With all due respect, the only difference between a junior and a major is that majors have reserves that are in production" Elizabeth, One other minor difference I have noticed is majors often have a balance sheet with billions or at least 100's of millions on it. FooFoo

To: Elizabeth Andrews who wrote (800)	2/25/2000 1:11:00 PM
From: jamesandrews	Read Replies (1) \| Respond to of 1239

another point Majors as well are very capable of making Major mistakes.I was told by an old mining guy that a good rule of thumb to follow is that a good property is generally walked over by the majors @ least three times and rejected!!!Another example of bungling would be the Hemlo that was brought to Van as no major would touch it.the original promoters went broke and were forced to talk with Peter & gus ( after approaching almost every one in the industry) to get Murry Pezzim to raise the monies.I believe this was also a world class ore body??? Fifty cents a share to 50 dollars Regards Jim