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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 (278)	6/23/2002 10:52:57 AM
From: E. Charters	Read Replies (2) \| Respond to of 5423

Uhh Liz.. because that is what the people at Northgate told me in person at the PDA in Toronto! (As to whyt I said Northgate does not want it) I don't know if they were telling the truth! Settle down! Stealth is weak. They are waiting for Stealth to come to them, or die, or they think the property is weak. It is lower grade. Perhaps too much lower. Usually it does not pay psychologically or historically to have a property right next to an operating mine. This is the case in legions or cases. Too numerous to mention. Nickel Plate, Geco and Kerr Addison for three. I see I have stepped on a rattlesnake. Sorry about your Stealth shares. I don't really know how sorry I have to be, but being mad won't help you. I did have all the drill results for Stealth at one time. I was asked to analyse them by a shareholder. I concluded that they had many, many blanks and their estimate of grade was extremely hopeful. Kind of like Colomac. Their own estimate of dollar value, presupposing an excellent recovery, as several dollars below Kemess, which at the time was marginal. They really need high gold prices. It may fly someday. But Northgate is not its friend. They have no money or power. All in all it is much too early to condemn them. But it would be irresponsible to praise them too. EC<:-}