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

To: tango who wrote (56)	1/15/1998 1:35:00 PM
From: Leigh McBain	Respond to of 30109

I went and checked the WWS web page, looking for the shares outstanding, you should keep in mind that JNR has only 19M shares out whereas WWS has 53M out with an additional 10.6M warrants due in October (albeit at $2.00), that's almost 64M shares. You commented on the risks involved with the drills still to mobilize, there is no question that that is the case, it does involve risk, however so does having your property in Mongolia. I did some reading on WWS and saw nothing to suggest that it does not have the potential to be a good investment, but WWS being a good potential investment and JNR being a good potential investment are NOT mutually exclusive. As a matter of fact if you are long on uranium in general, it might be a good idea to hold both, JNR offering a potential foothold in North America. (by the way Saskatchewan has proven to be one of the richest uranium supplies in the world) I am not telling you or anyone else to swap out of another stock, as a matter of fact I didn't even suggest anyone rush out and buy it period, I simply posted a news release which contained positive news relating to stock that should be of interest on a thread geared towards uranium. Regarding the comments you made about the benefits of a strong partnership, I agree, that is why an alliance with a company such as Kennecott IS a big deal. A partner of the nature of Kennecott can be a significant advantage when you get closer to actually mining and they do have the financial prowess to be more than capable of meeting the requirements to prove and mine. Salut, Leigh McBain

To: tango who wrote (56)	1/15/1998 3:28:00 PM
From: Leigh McBain	Read Replies (1) \| Respond to of 30109

Tango - just one additional note, I spoke with Corrina de Beer (IR for WWS) and according to her the cash on hand is just under 2 million, there is a 60 million dollar line of credit, however that is usable for the building and operating of the mine ONLY. That would suggest that JNR with their $1.9 million in open capital from the PP and the financial commitments from Kennecott, are not in bad shape. I had a good chat with her and have requested to be added to her distribution list, I was duly impressed by her tact and approach to business. I thought you might be interested to know that she was actually quite complimentary of JNR and their business approach. However, as she pointed out in the conversation, the 2 companies, although both in the uranium business, are very different plays with different plusses and minusses. Salut, Leigh McBain