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Gold/Mining/Energy : MONETA PORCUPINE ME.t -- Ignore unavailable to you. Want to Upgrade?

To: denis J who wrote (311)	10/22/1997 8:40:00 PM
From: ray jump	Read Replies (1) \| Respond to of 440

Hi Denis, Thanks for the updates, you seem to have taken on the role of "informer" for all us lurkers. Not wishing to seem negative, (I am a shareholder and close to buying more), but with Barricks actions recently, ie shutting more expensive mines and concentrating on inexpensive mines, what are the chances that Barrick will walk away from Michaud? How does Michaud potentially compare regards mining costs? If Barrick does walk, what do you see Moneta's direction being then? Conversely, if Barrick is still in, whats the next step? Do you have any insight as to why Barrick walked away from the nufort property? I know the drilling there was step out drilling, but they found gold, why walk????? Just been looking back through the annual report and found that we were supposed to do some drilling on Garrison & Fripp this year, any news on that? Again, thanks for the updates / opinions, this lurker appreciates your efforts. Regards Ray. My comments on Michaud above are not meant to be negative, just trying to be informed / realistic before committing more dollars.