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Gold/Mining/Energy : A to Z Junior Mining Research Site -- Ignore unavailable to you. Want to Upgrade?

To: Elizabeth Andrews who wrote (199)	6/13/2002 9:43:13 AM
From: 4figureau	Respond to of 5423

>>The Stealth property appears to also have significant potential for epithermal gold deposits which, if found, would probably be of great interest to NGX. They are doing a financing but haven't published the AIF. Can't be far away. << This looks like a responsible group that have a long term mentality... have made it through the bad times and are moving forward with little visibility. The main players at SML are Toronto and Bermuda based accountants who since 1997 have raised over 4 Mil.to get the resource to where it is today. They have done this since the gold bear market in May of 97 when they IPO'ed raising 875,000.00 at 0.25. The stock reached a high of 0.99 in July of 97 and has drifted down since. They do not promote SML but have made every payment in 5 years. - CEO Bradley Jones was former senior partner at KPMG Between 1978 and 1990. Between 1990 and 1993 he was a Senior member of the Corporate Finance Department at Coopers and Lybrand. Since 1994 he has been engaged in private practice in the corporate finance field and is a Limited Market Dealer registered with the Ontario Securities Commission. - Ken O'Neill is a chartered accountant and senior partner in the firm of KPMG in Hamilton, Bermuda. Mr. O'Neill has extensive experience in international finance, corporate restructurings and mergers and acquisitions. - The geology team is based in Vancouver and has worked the property since 1998. Some numbers from Sedar: - Drilling, geological and related costs for 2001: 2,097,198 and 2000: 2,014,272 - Accumulated costs - 2001: 2,669,698 and 2000: 2,486,772 - Exploration expenditures on the joint venture property will aggregate $3,000,000 for the period ending November 30, 2004. In 2002 such expenditures will be up to $750,000, in 2003 up to $1,000,000 with the balance in 2004.