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Gold/Mining/Energy : Anatolia Minerals Development Ltd V.YMC.U -- Ignore unavailable to you. Want to Upgrade?

To: russwinter who wrote (330)	5/9/2002 1:26:24 PM
From: ogi	Respond to of 468

Russ: Spoke to IR yeterday and have a call in to CEO R. Moores who is arriving back from Turkey today. No news on release of assays other than should be soon. As you know once the major is releasing data they never work on our timetable. I still detect nothing untoward in the wait we have faced. They were still drilling in March which was not expected and they do want to release all at once. The only tidbit of interest was that apparently there are other majors showing interest in YMC.U'S various properties, some of which are available to JV and some that Rio Tinto would have a right of first refusal on any proposed deal with someone else. Not much I know. Cheers, Ogi

To: russwinter who wrote (330)	5/13/2002 6:38:18 PM
From: Al Collard	Read Replies (1) \| Respond to of 468

New Holes Cut Gold At Anatolia Minerals/Rio Tinto Copler Prospect fin-info.com

To: russwinter who wrote (330)	5/20/2002 6:15:33 PM
From: ogi	Read Replies (2) \| Respond to of 468

Russ, et al: Just spoke with CEO Dick Moores. I will relate the gist of things in no particular order and I am of course paraphrasing. There are drill contracts under negotiation now and hope to see renewed drilling in a matter of weeks. There will be both infill and step out holes. Dick would like to tighten up one area with denser drilling, however, ultimately he will concede to Rio Tinto's ideas of drill locations. Although he is operator they are funding and he reiterated that he is extremely pleased with the exceptional relationship they have built. The basic problem here is the massive size of the area that is mineralized. We have economic results that are up to miles apart and showings equally as juicy looking that have not been drilled within Copler. Furthermore, besides the Kabatas property, about 13 kms away, there are three other showings within 10 kms(6 miles)that are impressive enough on their own, yet to be explored. So far they have not determined the emplacement model at Copler yet as there is so much there and the activity has been extreme. Some areas are so altered that you cannot tell what the original rock was. There are faults in all directions of the compass and both vertical and horizontal. I am only a layperson but I believe that if I understood Dick correctly, there are two events, one mesothermal and one epithermal that have produced multiple styles of mineralization. Which is why we see cu au porphyry, skarns,limestone, hornfels etc.. I leave that to the geologists out there. He is not concerned regarding recoveries and indicated that many areas are immediately ammenable to heap leach while others could be roasted etc. cost effectively by selling sulphuric acid by-product at excellent prices in Turkey. Good recoveries can be achieved. I am sure that the issue of recoveries is one for Rio Tinto and is unlikely to be a hinderence to progress any time soon. Dick considers the WGM report to be very conservative. There were apparently many results both deep and shallow not included in the estimates. As a guideline he thinks Rio Tinto 's threshold of interest to be met would be around 5 mil ounces. My feeling is that he clearly believes that is an achievable target and I concur. I believe this prospect is truly huge and will be harder to drill off rapidly because of size and complexity. I did express the need for a faster more constant information stream. There were a number of holdups on the last drill program including Ramadan, the coldest winter in 40 years and Rio Tinto ADDING HOLES that weren't planned. In the end I believe we have a mine here and in case anyone is concerned about disclosure I do own shares. P.S. Dick wrote the press release. Cheers, Ogi