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Gold/Mining/Energy : DIADEM RESOURCES - DIR,M -- Ignore unavailable to you. Want to Upgrade?

To: Dave Tan who wrote (803)1/4/1998 9:36:00 PM
From: Bearcatbob  Respond to of 897
 
Dave, I would call DIR and ask. If they give you a good answer please post. Bob



To: Dave Tan who wrote (803)1/5/1998 12:07:00 AM
From: CIMA  Respond to of 897
 
I own Waseco stock, not Diadem. My understanding is that 750,000 oz are found in-river, 2.4M on the terraces. They have no money and a new dredge costs $14M. They've been trying to lease one that is nearby but no announcement has been made. Mike Bird is in charge in Indo. For further Waseco info call Blackwell at 1-888-338-1188.



To: Dave Tan who wrote (803)1/5/1998 3:25:00 PM
From: DRT  Read Replies (1) | Respond to of 897
 
I'm a WSCO shareholder, no question the value is there - distaste for the mining sector in general, and Indonesia in particular, led to the decline in WSCO's share price. They have submitted the final feasibility study to the indonesian government for approval (pending) - the next hurdles will be financing and the associated lease or construction of a dredge for extracting both gold and zircon ($43 credit per ounce of gold).

DRT


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