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Gold/Mining/Energy : Fairmile Gold -- Ignore unavailable to you. Want to Upgrade?

To: Steve Stakiw who wrote (3397)	1/6/1998 6:59:00 PM
From: tanoose	Respond to of 4057

Hello Steve; This was something thatI mentioned could happen,.....along time ago it seems, the full reality of it is in the "whole industry" at the moment and not just FLA. How could Echo Bay help Fairmile when they have to help themselves?? Such is the beast!!!! Thankyou for posting! With regards,Frank

To: Steve Stakiw who wrote (3397)	1/7/1998 3:41:00 PM
From: Richard Humphrey	Read Replies (1) \| Respond to of 4057

Steve: your a day late and a $1.00 short on the announcement. This is common knowledge by now. I not sure what you are trying to imply by your posting this? Is there some significance or saving grace to this posting? All I know I have watched my investment in FLA dwindle to 1/10th of what I bought it for. In Echo's case, they finally smartened up and have stop the bleeding before being forced into bankruptcy protection. How much CASH does FLA have? Do you for see FLA jv'ing with any other majors. Obviously we did pretty well with EB. I don't think you'll find the same sort of arrangement with the 6 or so other interested majors. For give my cinical tone, but I have been patient with this investment and it has not materialized. Whoopppedeedoo 600K oz.. Lets hope the new property has more value to offer to its shareholders. I know thats what management is interested in ;>). VALUE!!

To: Steve Stakiw who wrote (3397)	1/8/1998 3:38:00 PM
From: Steve Stakiw	Read Replies (2) \| Respond to of 4057

Fairmile Gold management responds to accusations Fairmile's management (Mr. J. Kizis - VP, Exploration) has provided this response to certain accusations towards the company: Regarding recent accusations that Fairmile is a "SCAM", I would like to invite individuals to visit Fairmile's web site (www.fairmile.com) and examine the technical data that we provide there. In addition to Humboldt Mining Services' latest Mineral Inventory for Buffalo Valley (corroborated independently by Echo Bay), there is a report describing the geologic setting and ore controls at Buffalo Valley (published in the Society of Economic Geologist's Newsletter in July 1997). There are also additional maps and photos that may be of more general interest. The quality of Fairmile's work is extremely high, as demonstrated by the relatively low finding cost at Buffalo Valley (approximately $10/resource ounce of gold). It is Fairmile's policy to conduct the highest quality work because we believe that is how we will maximize the value of our properties. The goals outlined for Buffalo Valley at the beginning of the Strategic Alliance with Echo Bay Mines were to confirm the previously defined resource and to discover new mineralized areas, and both goals were attained. The A/B/O resource was confirmed and was even expanded modestly, and new mineralization was discovered (but not drilled out) beneath gravel cover to the west of the A/B/O Complex and on Target F. Other Target areas show promise, but will require additional work. Fairmile regrets that Echo Bay elected not to proceed with the program; however, we recognize that their corporate goals have changed with the marked decrease in gold prices. Numerous other majors have expressed interest in examining our Buffalo Valley program, and Fairmile will pursue discussions with suitable groups. Fairmile's newest project, the Highland Prospect, is a high-quality property that was identified during a limited exploration program in 1997, which Fairmile implemented using a small portion of the investment in Fairmile by Echo Bay. Initial surface work has been completed and is encouraging. The price of gold, as well as most other commodities, is cyclical. In preparation of anticipated low-price periods, Fairmile has kept corporate overhead costs low. Fairmile has no debt, and relatively low holding costs for its projects. Fairmile views these periods of low gold prices as opportunities to acquire gold assets at favorable prices. Accordingly, Fairmile is investigating other opportunities and ways to finance them. Fairmile is not a "SCAM". Fairmile has positioned itself to survive the current downturn in the market, and to prosper when the market improves.