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Gold/Mining/Energy : Fairmile Gold -- Ignore unavailable to you. Want to Upgrade?

To: Steve Stakiw who wrote (3214)	11/4/1997 9:18:00 PM
From: I_C_Deadpeople	Respond to of 4057

Steve, Thanks for the update. This is the type of information we would like to see on this forum on a regular basis. On another note, the Echo Bay news release is certainly not very encouraging from our perspective. Can you tell us what, if any, changes have occurred in the "relationship" ( for example, have they backed off on field work, etc ) that could lead one to believe they will go no further with this property? Has there been any discussions on redoing the deal? Certainly, there is no way that Echo is going to pay $3.00 for shares that are selling at just over >.30 ? How can this deal be carried through without a major renegotiation? EW

To: Steve Stakiw who wrote (3214)	11/4/1997 10:52:00 PM
From: saul mikaliukas	Read Replies (1) \| Respond to of 4057

Steve and All........ I have been an investor in Fairmile now for almost 2 years. I acquired a substantial position at the $3.00 plus area but, over the past 6 months I have averaged my cost down to about 58 cents. That's quite a large acquisition of stock. The reason I bring this up is that, I have done a very lenghty amount of due diligence research on the whole Fairmile project and have come to the conclusion that the only reasons for Fairmile's miserable stock price right now is the following.... 1. Most importantly...the price of gold is at 12+ year lows. 2. The Bre-X factor certainly negatively affected all resource company stock prices. 3. Fairmile's previous promotors and to a lesser extent the former management really put the screws to us stockholders. 4. The way Fairmile's PR was handled before was disgusting. It is better to say nothing at all, than to promise something and then not deliver. eg. timely promised news releases Special Note!!! I have to compliment you Steve and Tom Kelly, maybe things are getting better with the superb response to my question recently. These types of honest and specific responses from you, the new PR and Mr. Joe Kizis will certainly improve the realations with us loyal and supporting stockholders. Not saying of course the potential for renewed respect in the investment community. Best Regards, Saul P.S. My 2 cents......with the present situation in the world's stock and currency markets being very precarious I certainly feel that the end of this long bear market in gold is around the corner. This may take a few days or a few months to unwind but,once the new bull market in gold takes off, there will be no second chance to get on board without -paying a large premium for the opportunity. Fairmile's future with the price of gold sky rocketing is assured and if Fairmile has not completely tested even 10% of the shallow potential areas and we have 700k ounces of resource I just wonder what we still might find out? (Including the promising new property) As far as Echo Bay is concerned, I really don't care and the reason being is that if they don't want Buffalo Valley, I am sure, once gold does move, Fairmile will be able to find other sutors and at a much higher price. In other words, Echo Bay would be fools not to acquire the Buffalo Valley since, they are already next door and being a large gold mining company I am certain they know what the gold markets are doing and they will surely take advantage of all opportunities.( I just hope we don't give it to them too cheaply)