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

To: bill718 who wrote (1837)	12/15/1997 11:33:00 PM
From: The Fix	Respond to of 4718

Wayne....Good Post I agree with you 110 points. ANZ is the Boxing day sale special of all sales at low .40's. Fixer

To: bill718 who wrote (1837)	12/16/1997 7:06:00 AM
From: john	Read Replies (1) \| Respond to of 4718

Wayne A few posts ago Mike indicated that ANZ received 17.6 million dollars and in fact that is correct. They received this money on March 20 1997. If today they have 6 million left they have spent 11.6 million since March of 1997. Allowing for an additional 2.5 million for the Coleville mess re the Indonesian property, they have spent 9 million since March 20. If ANZ spends on the BC property next year to earn in their 55 per cent interest they will be down to 4 million. I believe they have spent 3.5 million in BC so far. Of the 9 million spent 5.5 million has been used in Indonesia, if they proceed further with BC they will only have 4 million left to spent in Indonesia, which at today's BURN rate they will be looking for money to finance Indonesia by the end of July this new year. If they eliminate further BC spending they will be able to run in Indonesia until the end of October. Either way boy's, the math is not too complicated. There has been no slowing down in Indonesia and of course BC is a weather shut down. The other option is to take the money they have and start producing on Tambang and Jambi, they would then have cash flow. I do not know how much CASH is required to go into production on these two areas. With D Gray in Africa I would look for some news re RAPPA, I do not believe Lady Lina is profitable at today's POG. The above are my thoughts after following this property for the last 18 months. Also, the above allows for NO office expenses, management salaries, nor does it allow any expenses for a traveling road show.