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

To: Mike who wrote (2030)	12/31/1997 12:26:00 PM
From: John Alan Snape	Read Replies (1) \| Respond to of 4718

Mike, It is my understanding that drilling has been very difficult and therefore slow. Much slower than we even anticipated. Apparently one of the drill's is also down and they may actually lower the number of drills on the property in the new year. This would be done if they focus on a particular zone to prove up. It would also lower costs quite a bit which would lower the overall burn rate. However, we agree with you that there should of been a lot more holes drilled. In defense of ANZ I believe they are doing their best. They like the rest of us would like to see their stock price up so I would think they would be drilling as fast as possible. It is not so much the total number of holes but rather how many holes are actually bringing up significant results in their target area's. I must admit it would be much better if it were in the 150 range. Soon I suppose. jas