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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 (1010)	4/26/2000 11:33:00 PM
From: Rise	Read Replies (1) \| Respond to of 1321

Dearest Elizabeth: I have no interest in this stock but your constant badgering gets rather annoying. Your short IWA, we know your short, we don't care why. In the end, I believe you will be vindicated on this one. The odds are clearly in your favour. However, I ask, why are you be so intent on knocking the stock? You know with a high degree of likelihood that in the end, the company will fail to deliver on its objective to prove up reserves. In the meantime, go fly a kite and let the longs have their fun while the promotion is on. Since you are so sure this property is a dud, you should be cheering the promoters on. Then you can short at much higher prices. I haven't checked the PFN board lately but I would bet that you are over there doing your best to belittle the stock. In a few months you'll be over on the V.AQU board saying the same sh.t about its gold project in Guatemala. Give it a rest. Nobody listens to you anyway. Signed, Sick and Tired of Elizabeth. (AKA: Rise)

To: Elizabeth Andrews who wrote (1010)	4/28/2000 1:16:00 AM
From: russet	Read Replies (1) \| Respond to of 1321

Liz,...oops,...more news from that pissy Homestake Veladero development,....with no power(yes there is, San Juan electric power will put a line up to the project area gratis to encourage development), no water (Arp got water rights, lots of water from wells in the valley), too high to breath (the area is plowed in the winter,...if snow plows can operate to keep the roads bare at 4859 meters ASL in the area, why can't the Veladero camp operate at 3700 meters ASL). Looks like IWA's potential partner could be getting stronger,...now to the news. During the first quarter of 2000, Homestake significantly advanced its 60%-owned Veladero project, located in northwestern Argentina. On March 28, 2000, Homestake announced a 4.8 million ounce proven and probable gold reserve (Homestake's share: 2.88 million ounces) contained in 92.5 million tons of ore grading 0.052 ounces of gold per ton. The reserve, which also contains 0.71 ounces of silver per ton, is part of the recently announced and much larger mineralized inventory totaling 7.8 million ounces of gold. The capital cost at this early stage of project engineering is estimated at $370 million (100% basis). Once in operation, the mine is expected to produce approximately 450,000 to 500,000 ounces of gold per year. Cash costs are expected to average approximately $150 per ounce. Production is expected to begin in 2003. There have been 50 additional holes drilled since the latest evaluation of proven and probable reserves and mineralized inventory in March, 2000. These holes have reinforced earlier interpretation of the existing Filo Federico and Amable zones and resulted in a discovery of significant new zones of mineralization. Figure I shows location of the zones and the drill-holes. Of particular significance are drill-holes number 203, 258, F5, 197, 216, 217 and 252 (see Table I below). Holes 203 and 258 were 250 feet apart and may represent a northwesterly-trending high-grade structure. Their location is expected to have a positive impact on open-pit design between Amable and the newly-established zone called Breccia Agostina. Holes 216 and 217 are located to the immediate northeast of Amable and also point to a potential increase in mineralization. For comparison purposes, a typical mineralization drill-hole in either Amable or Filo Federico would yield an interval of approximately 200 feet grading 0.05 ounces of gold per ton. At Filo Federico, holes 214, 237 and 260 are all step-out holes towards the southeast. These, and a few other new holes in their vicinity, encountered gold mineralization considerably shallower than anticipated. The new zone, called Cuatro Esquinas, has the potential to be an important new gold deposit to complement Amable and Filo Federico. The drill results suggest the presence of a series of gold zones, stretching over the two mile- long eastern flank of Cerro Pelado. As compared with drill results around and between Filo Federico and Amable, results from 15 holes drilled to the east of Filo Federico on the Nicholas target have been disappointing. Although Nicholas is highly silicified and is a strong geochemical anomaly, gold and silver grades have been sub-ore grade. The joint venture currently has nine reverse circulation rigs active throughout the property, in addition to two core rigs drilling metallurgical holes on Amable. With favorable weather conditions, drilling is expected to continue well into May. An underground decline will be driven into Filo Federico to collect Phase 2 metallurgical sample and to map out geological ore controls. A new estimate of reserves and mineralized inventory is expected to be produced by June, 2000 in advance of preparing the 2000-2001 program. Table 1: Veladero: Significant Drill-Hole Data AMABLE ZONE HOLE NO. FROM TO INTER- Au oz./t Ag oz./t VAL (Ft) 217 338 413 75 0.064 3.57 216 226 705 479 0.038 0.94 - INCLUDING 279 358 79 0.112 1.51 203 266 741 476 0.086 1.16 - INCLUDING 423 656 233 0.139 1.87 CORE A-16 305 597 292 0.069 - INCLUDING 486 597 112 0.137 258 367 636 269 0.161 0.93 - INCLUDING 377 489 112 0.308 0.94 FILO FEDERICO ZONE HOLE NO. FROM TO INTER- Au oz./t Ag oz./t VAL (Ft) 214 404 531 128 0.028 0.03 597 863 266 0.038 0.86 237 135 791 656 0.024 CORE F-5 456 942 486 0.131 - INCLUDING 571 781 210 0.238 260 801 1,296 495 0.041 CUATRO ESQUINAS ZONE HOLE NO. FROM TO INTER- Au oz./t Ag oz./t VAL (Ft) 197 856 1,322 466 0.077 0.76 - INCLUDING 1,050 1,207 157 0.118 0.48 231 879 1,371 492 0.045 - INCLUDING 902 1,096 194 0.071 252 748 1,270 522 0.096 0.46 - INCLUDING 958 1,247 289 0.136 0.52