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Gold/Mining/Energy : Int'l Wayside Gold Mines Ltd (IWA-VSE) -- Ignore unavailable to you. Want to Upgrade?

To: Elizabeth Andrews who wrote (641)	4/5/2000 8:18:00 AM
From: Little Joe	Respond to of 1321

SUBJECT: TRADE ALERT FOR AGGRESSIVE SPECULATORS "THE FAGAN REPORT- INTERIM MARKET REPORT #42 APRIL 3, 2000 - 10:00PM PST <http://www.faganreport.com> SUBJECT: TRADE ALERT FOR AGGRESSIVE SPECULATORS INTERNATIONAL WAYSIDE GOLD MINES LTD. (IWA-CDNX) stockscape.com ROLLING THE DICE ON A DRILL HOLE. ******************************************************* Every so often a situation comes along that I have a gut feeling for, but nowhere enough information to make a formal recommendation. Most times I just trade these situations in my own account, but now I've decided to share a couple of these ideas with you and see where the pieces fall. Be advised that these are very high-risk speculations and there will be some losses incurred. There is no need for you to play this game, and you shouldn't unless you enjoy it and can afford it. INTERNATIONAL WAYSIDE GOLD MINES LTD. (IWA) is this type of situation. The company is run by its president, Frank Callaghan. Colorful and hard working, Frank is one of the most well liked mining stock promoters in the business. For the past several years he has been drilling away on IWA's Cariboo Gold Project near Wells, British Columbia, adjacent to the historic mining town of Barkerville in north central British Columbia. Even though several hundred drill holes have indicated a resource of over one million ounces of gold, the story and the stock have been unexciting. Unexciting until last week that is! Last week, core and sludge assays from two holes of an ongoing drill program returned several intersections of high grade gold mineralization over significant widths including: In drill hole BC2K- 3, core assays returned 20.0 feet at 0.18 ounce per ton gold (ozt/gold) and 24.5 feet at 0.27 ozt/gold. In drill hole BC2K-8, drill sludge assays returned 40 feet of 0.92 ozt/gold. Check core assays are awaited for this hole as well as several others recently completed in the new discovery zone. Sludge assays are from sampling the drill cuttings as the hole is being drilled. What has caught my eye and that of the market is how close the sludge assays and the core assays match in drill hole BC2K- 3. Drill hole BC2K-8 has a 40 foot intersection that sludge assays returned almost one ounce gold per tonne. The market is betting that core assays will confirm this number, which would indicate a new high- grade gold deposit has been discovered in a new type of mineralization on the Cariboo Gold Project property. On this speculation the stock has risen from the $0.50 range to $1.50, closing 03 April at $1.38. I placed a moderate bet that it is going higher at $1.40. Why do people play these games? The answer is simple, that's what speculating in mining stocks is all about. One- ounce gold assays over more that 10 feet are very rare. If you're in this game, you have to take a shot at them when they come along. I always think of these speculations in terms of dollar amount, rather than number of shares. Then I think of possible percentage gain or loss. IWA could go to $5.00 with a few more good holes. If they miss, you could lose one third of your money in a few trades. If you can afford to lose $1500, a three to five thousand dollar wager is in the ballpark. If we get real lucky, that wager will turn into a longer term investment. A complete description of the drilling and the implications of the discovery can be accessed at <http://www.stockscape.com/link.cfm? entryid=82>. For this report, however, I want to stick with the human- interest aspect of the story. The best way to do that is by reproducing an article about the discovery from the front page of the April 3 edition of the George Cross Newsletter. This a daily newsletter covering the entire spectrum of Canadian resource and speculative stocks. It has been in continuous publication since 1948. You can sample this newsletter by calling 604-683-7265. To access The George Cross article, click this link: <http://www.faganreport.com/pdf/142PDFGCNLiwa.pdf>. If it doesn't open, you probably need to download the Adobe Acrobat Reader. Simply go to adobe.com and click on the 'Get Acrobat Reader' icon at the bottom of the page. Then follow the on-screen instructions. NOTE: ALL INFORMATION PUBLISHED BY THE FAGAN REPORT IS FOR INFORMATIONAL PURPOSES ONLY. NOTHING IN THIS COMMUNICATION IS, NOR SHOULD IT BE CONSTRUED TO BE AN OFFER OR SOLICITATION FOR THE PURCHASE OR SALE OF SECURITIES. PLEASE SEE OUR COMPLETE DISCLAIMER STATEMENT AT <http://www.faganreport.com> Wishing you all the best, The Fagan Report, Brian Fagan ****************************************************** The Fagan Report Opt-In Email list - April 4, '00 OPT-IN EMAIL LIST You have received this information because you have previously subscribed to The Fagan Report complimentary email service through Newsstand Express information services. <http://www.newsstandexpress.com> Through your participation in this program, you receive all information sent to paying subscribers of The Fagan Report, but on a variable time-delayed basis. This is an 'OPT-IN' email service, the cost of which is borne in part by company sponsors. Today's content is independent research, opinions, and commentary. It is not company sponsored. No compensation of any kind has been paid or received for its inclusion in The Fagan Report. If you wish to unsubscribe to this publication, you can do so at the bottom of this page. Stockscape.com (STKSF) is a public company. If you wish to unsubscribe to this publication, please click here stockscape.com (If you are an AOL user and you wish to unsubscribe to this publication, please <a href="http://www.stockscape.com/mailer/nsdpubremove.cfm">click here</a>)"

To: Elizabeth Andrews who wrote (641)	4/5/2000 10:00:00 AM
From: Marcman	Read Replies (2) \| Respond to of 1321

Russett, Elizabeth, Give up your infantile anti-NDP diatribe. I'm sure there's a thread somewhere for disciples of Conrad Black. Please go there with your childish rants. In the meantime, if you have anything bright or pertinent to add to the discussion of our gold company, please do so. (Must make you simply cringe that the company's symbol is IWA, acronym for BC's largest union. Are the commies behind this one, too? Is it a signal of a satanic takeover?) GLTUA, Marcman