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

To: E. Charters who wrote (2024)	12/14/1997 8:54:00 PM
From: charred	Read Replies (1) \| Respond to of 3744

I agree with you on Chesbar. Lots of shares. However I took advantage of the decline in prices recently. The assocation with Barrick is probably a long term thing. It doesn't seem the management is big on promotion. In a way I like this. Oroperu is looking for a TSE listing. Great asset. I don't mean Cambior. I like Metallica because the recent increase in Silver prices. Basically they have a silver mine with gold credits. The assocation with Cambior shows that Cambior have to invest 20 million US into the property and help arrange financing. 77 millions tons of 23 grams Ag/tonne seems pretty good. Look for Metallica to be a long term investment. KRY looks good. However I don't feel good with it. Being South American, this scares me. Title problems makes huge problems. It doesn't help the economies at all. Venezuela has huge corruption problems. It easy to do this there. Documents can be change. Big industry. Something is fishy here. All the new appointments to the board of KRY scares me even more. It maybe a good buy. I wouldn't feel good if I made money on KRY. I hope Placer Dome keeps the property. Having family there in Venezuela I am quite concerned with this. The Latin American mind is quite different than you think. Contacts are everything. Corruption is a terrible thing. Canadians don't realize this. KRY did not find anything.

To: E. Charters who wrote (2024)	12/15/1997 2:49:00 PM
From: John Menzies	Read Replies (1) \| Respond to of 3744

Got any comment on the Kazminco press release regarding the acquisition of oil and gas interests in Kazakstan. Maybe this will go just a little way towards changing the market perception of Kazakstan. As I continue to stress we are most happy working in this country - most happy. fin-info.com Kazakhstan Minerals: Significant Oil and Gas Investment for KazMinCo Supplements Solid Mineral Assets VANCOUVER, BRITISH COLUMBIA--Kazakhstan Minerals Corporation (KazMinCo) is pleased to announce its entry into the oil and gas business through the acquisition of a 40 percent equity interest in the Tasbulat Oil Corporation LLP (Tasbulat LLP). Tasbulat LLP is a Kazakstan registered limited liability partnership which holds a 100 percent interest in the Tasbulat, Atkas and Turkmenoy oilfields (Tasbulat Oilfields) located in the Mangystau oil province of Western Kazakstan (see attached maps). The Tasbulat Oilfields have an estimated in place oil reserve of 245 million barrels of which 72 million barrels are classified as recoverable reserves. KazMinCo's acquisition cost will be comprised of staged cash payments and two million common shares of KazMinCo. The transaction is subject to regulatory approval.