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Gold/Mining/Energy : Caussa Capital (formerly Antares) T.CAU -- Ignore unavailable to you. Want to Upgrade?

To: bill718 who wrote (1801)	12/11/1997 3:10:00 PM
From: ossie	Read Replies (1) \| Respond to of 4718

With regard to previous posts by yourself and Mike: a)The silver values at Ojalali are very high and certainly with silver prices moving up as strongly as they are one must consider this a big plus for this property.I don't have all the previous press releases on hand that out line exactly the silver content in each of the holes,but maybe a call to Peter Southward(I spelled it right,Wayne!!!)would bring forth further company comment. b)My info is that the company is thinking that a production cost # at this property would be nicely lower than $150,perhaps around $100.Once again,I would suggest PS be asked the question. c)Re ENERGEX:I understood that the property was difficult to access back in those days and they basically ran out of money.This is not uncommon in the exploration field.The Toodoggone area does have a reputation for being "spotty",but if it turns out that ANZ can find a large # of "spots",then it could turn out to be very valuable.The big thing here in my mind is that ANZ has now spent the required amount to become the operator on this project.They therefore now control how much money will be spent next season and on what it will be spent.I believe management will be very selective in that spending. d)Re Ojalali resource estimate increase:I do not have any knowledge of when the # will be increased,but drilling reports do come thru to ANZ management each Monday and so it stands to reason that as successes occur in the drilling program,the resource # will be moved up. e)Jones Gable is the TSE designated PRO trader attached to ANZ and charged with making an orderly market in the stock,so it is usual for them to be reasonably active in trading.Cannacord are usually quite well plugged in and you don't find them going the wrong way too often.One little titbit of info that has been passed on to me-the trader at Jones Gable is the father of one of the traders at Gordon.Interesting,no? f)Wayne,I'm not sure I'd hold my breath for fireworks by Xmas but as I said yesterday,ANZ has good promise at this point. Ossie