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

To: Donald F. DeKold who wrote (2098)	1/4/1998 9:39:00 PM
From: ossie	Read Replies (2) \| Respond to of 4718

Some further info re the EV situation. I've been told that numbers ANZ has run show a production cost of only $50 per ton so if you factor that in to the equation you can see why they are taking a close look!!!! Also been told that the IRR on this venture is out of this world if they can get it up and running-somewhere between 50-75% after tax depending on how much market share they can capture in Europe,Since Serbia now has most favoured status in the EEC,they should be able to undercut the Turks who do not. This could be a great opportunity.Also,I'm given to undrestand thet ANZ believes that the project is separately financeable and if so would obviously be a great source of cash flow to ANZ to finance their exploration ventures. I think that perhaps the best course of action is to keep our powder dry and see what develops this coming week. Could be fun,Ossie

To: Donald F. DeKold who wrote (2098)	1/5/1998 7:16:00 PM
From: Little Joe	Read Replies (2) \| Respond to of 4718

Antares feels Erin Ventures potential is nothing short of spectacular. I spoke to Peter this morning and he is extremely positive on Erin Ventures potential.However,he cautioned ,Antares has not yet completed their due diligence . I think todays news release was very positive and Peter says not all the holes have been released.Antares now has a resource calculation 50% higher than last reported and still only on partial drilling on 2 of 34 known mineralized zones. Looking Extremely Good Joe