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Gold/Mining/Energy : Kazakhstan minerals KMC.U -TSE -- Ignore unavailable to you. Want to Upgrade?

To: Mitch who wrote (11)	12/28/1997 11:02:00 AM
From: Tim Cruise	Respond to of 112

Wayne, it is not uncommon in this market for mining companies to trade at less than cash value. It may seem ridiculous, but this is not always the case. For example, what will the company do with the cash? If they do not spend it properly, then it is worthless. If they waste it on dead end mines, then they might as well have never had the cash. Good luck, Tim

To: Mitch who wrote (11)	12/29/1997 4:07:00 PM
From: John Menzies	Respond to of 112

Wayne, I posted that press release as a matter of public interest- my interest in this company is that I am president of Steppe Gold which is also very active in Kazakstan. This is a country which is rich in mineral and hydrocarbon assets and which has a governemnt which is open to foreign investment. The skill base of the local professionals is remarkably high and we enjoy working there. If you want more information ont he region go to: info-mine.com the is some basic data and load of links.