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

To: Little Joe who wrote (1886)	12/20/1997 6:06:00 PM
From: JD	Read Replies (1) \| Respond to of 4718

Always something to worry about. The inevitable social unrest that will occur in Asia could be quite traumatic for ALL mining companies in Indonesia. Consider: 1 The IMF has put out a list of 1997 projections vs 1998 forecast for various countries. The country with the greatest reduction in forcasted growth .... Indonesia. (-42.%) Message 3014965 2. Article from Sydney Morning Herald today. smh.com.au article opens: Violence is inevitable among Indonesia's teeming poor as their grinding poverty worsens. and makes references to Soehartos failing health and contains passages such as... But the meaning was clear. The political and economic pyramid which President Soeharto has so skilfully built, with himself at the apex, must be reformed for Indonesia to move on. ACCORDING to the leader of the 38 million-member Nahdatul Ulema (Muslim Scholars' League) Abdurrachman Wahid: "There is a very deep change. People now see that the end of the President's rule is not a possibility but an imperative." SO WHAT'S IT MEAN FOR ANZ..... Don't know ... or I'd be rich by now. But some things are likely and there impact should be considered. It is possible there will be a new leader running the show in Indonesia in the next year (proclomation/death of Soeharto/civil war). Will the COW's be issued by then?, will the new players abide by them?, what are the risks of the country nationalizing all properties?, what are the risks of a new regime giving all the young properties to 'preferred' majors (remember what initiated the BRE-X saga)?, etc. etc. Food for thought. Not very palatable but sometimes reality bites. I hope I'm just worrying for nothing. Personally, I'm EXTREMELY pleased that ANZ has the management it has and the other projects (BC, Lady Lina, Rappa) to grow with should the worst assert itself. JD

To: Little Joe who wrote (1886)	12/20/1997 6:09:00 PM
From: Goldfinger	Read Replies (1) \| Respond to of 4718

Little Joe, now that the shorting season on mutual funds is over do you think that ANZ will get a lot more exposure from news letter writers. Regards, GF

To: Little Joe who wrote (1886)	12/21/1997 12:21:00 PM
From: The Fix	Read Replies (1) \| Respond to of 4718

Hello Little Joe..... I'm retyping this so sorry if there are any sp. mistakes: From "The Northern Miner" Vol. 83 No. 42 December 15-21 1997 ANTARES BOOSTS RESOURCES Operator Antares Mining and Exploration (ANZ-T) has revised resource estimates for two zones on its Ojolali gold property in Sumatra, Indonesia. Resource at the South Tambang zone now stand at 3.89 million tonnes grading 0.57 gram gold per tonne and 121 gram silver, whereas resource at the Jambi zone are estimated at 2.91 million tonnes grading 1.62 grams gold and 10 grams silver. Previous calculations for it's South Tambang and Jambi Zones pegged resources at 1 million tonnes of 1.57 grams gold-equivalent and 1.9 million tonnes of 3.87 grams gold equivalent, respectively. At the South Tambang zone, about 700 metres of a strike-length of 2 km were tested with holes totalling 2,700 metres. The deposit consists of both oxidized and unoxidized material, with gold mineralization hosted in quartz veins ranging from 6.4 to 38 metres in thickness. Resources at Jambi are contained in an area of oxidized volcanic rock measuring 400 metres in length by 200 metres in width. A total of 1,900 metres has been drilled across the strike length to date, though 700 metres remain untested. Both deposits have potential as open-pit operations, and are being assessed with metallurgical testing. The 22 sq. km Ojolali property and surrounding 297 sq. km land package is owned 76.5% by Antares. The remainder, which is held on a carried basis, is divided between Coleville Res. (CLL-A), with 13.5%, and private Indonesian partners, with 10%. Elsewhere, Antares has discovered a new zone of polymetallic mineralization at its Toodoggone property in North-Central British Columbia. Several narrow zones of mineralization were revealed in hole 8. The best interval, when assayed using metallic-sieve analysis, returned 103.3 grams gold over 4 metres. Standard fire assay methods on the same interval returned 61.1 grams gold, 92.4 grams silver, 1.34% copper, 0.46% lead and 11.7% zinc. The zone, dubbed Creek, occurs in altered andesite flow breccias of Jurassic age. Sulphide minerals occur as pyrite, sphalerite, chalcopyrite and galena. Antares can earn 55% in the 235 sq. km Toodoggone property from AGC Americas Gold (AGA-V) by spending $5 million on exploration. To date, the company has spent $3 million. Fixer