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

To: bc who wrote (34)	1/7/1998 1:15:00 AM
From: Ron Everest	Respond to of 122

Thanks for your efforts in posting the information gleaned. I also read somewhere that production costs would be in the US$150 or less. This bodes well for TNX. I recently posted some ABX news releases which named Sutton as a buy. Well, TNX is also a buy in that event. Recent hype in Gold Newsletter states that TNX could establish larger reserves than Sutton. Drilling will have to prove this. The negative spin on AU for the past almost one year is not encouraging. One could conclude that the US is orchestrating part of this negative spin, however, conspiracy theory aside, there is a lot of evidence that the European Monetary situation has a lot to do with the selling or threat of selling of AU. My view remains that essentially supply and demand are the main factors. AU willl allways be money IMO and will come to the fore again. TNX seems to be a low cost bet on AU. Best regards, and, thanks again, Ron E

To: bc who wrote (34)	1/7/1998 10:18:00 AM
From: Ron Everest	Respond to of 122

TNX continues to trade in a tight range around $1 which suggests to me that interest is not diminishing. Not much volume which suggests that there is accumulation occuring.

To: bc who wrote (34)	1/7/1998 4:21:00 PM
From: tony p	Read Replies (1) \| Respond to of 122

Hi Steve, Thanks for your very informative post.One question -- You posted that Jci has 5mM shs that they are going to be selling thru an agent. Does this mean 5MM shs are going to be hitting the market in the near future? For a stk that doesn't trade alot of shs this is a very scary thought. Appreciate and info regarding this sale from you or anyone else. Thanks Tony

To: bc who wrote (34)	1/8/1998 2:07:00 AM
From: maintenance	Read Replies (1) \| Respond to of 122

Hello, I agree. At this point Sutton is a good place to look to see how TNX will be if they prove up reserves. Selling by CB's has wiped far more off their balance sheets than the revenue generated from the sales. I would expect that this should result in more thought behind their sales, and a increase in POG. I think fiat money is the way of the future, but I don't think this has to negatively impact the POG. Slow coordinated selling of CB gold is OK, I expect this to continue. CB selling can not fill the supply demand imbalance for ever. The high number of mines closing down will put the supply demand equation into further imbalance. For these reasons I think the POG will rise sharply. Unfortunately I can't even guess at when. CB's have a lot of gold they can sell, enough to supply the market for many years. IMO it depends on whether they can successfully coordinate the sales. Cheers