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Gold/Mining/Energy : Cross Lake Minerals CRN -- Ignore unavailable to you. Want to Upgrade?

To: Leo Raftis who wrote (1225)	1/18/1998 1:16:00 PM
From: Taco	Respond to of 3650

Leo, excellent posting and I trust you realize that I am remaining optimistic on CRN's potential as noted by my comments that GKR know what they are doing and they would not invest $4.15 million in shares of CRN as well as the $1 - $2 million they have spent on the option on their JV property and drilling to date. What we definitely do need is some reporting of decent grades and I think we will be back to the $3 - $4 dollar per share range. Also, with mining companies starting to go into receivership ie Anvil & Pegasus I believe we are close to a bottom in the cyclical, commodity based companies that dominate the Canadian stock market.

To: Leo Raftis who wrote (1225)	1/18/1998 5:18:00 PM
From: Surething	Respond to of 3650

Hi Leo, What is so amusing about a stock that drops 75% in value from its high? When I called Cross Lake last week no one told me about any joint meeting. So it is obvious that you are fairly well connected to this group. I just hope for all our sakes that your optimism is well founded. So far the way CRN has traded I am less and less enthusiastic. If this play pans out it will be a great shot in the arm for the Canadian Junior market. I just hope it wasn't a giant blow-off. We'll see next week. surething

To: Leo Raftis who wrote (1225)	1/18/1998 7:16:00 PM
From: the Chief	Respond to of 3650

You guys went and did it!! ya got Leo ticked!!!!!!(eom)

To: Leo Raftis who wrote (1225)	1/18/1998 10:15:00 PM
From: Buckey	Respond to of 3650

Leo, I watched this one for 3-4 months and I am by no means an expert on anything. However, IMHO, CRN would have to shoot blanks all summer before it ever hit 60 cents. I got in last week for the first time after even though I was in and out of some of the smaller closeology plays. With results pending ( even if they are nothing), Drilling programs ready to roll soon and heading into a season when these jvs generally are moving up as we near spring, I beleive spouting about 60 cents is pushing fearmongering. Things looking good in Asia. All black - HK up 5+ %

To: Leo Raftis who wrote (1225)	1/22/1998 3:13:00 PM
From: Taco	Read Replies (1) \| Respond to of 3650

Hi Leo, just wondering what your thoughts are on CRN at this juncture. I feel that the results were encouraging and that we are 1 - 2 holes away from a viable and economic deposit. I still believe that GKR know exactly what is on the property and I feel that prices above $4.00 a share will be realized at some point over the next 3 - 6 months, as long as the world doesn't go into a MAJOR economic downturn because of deflationary pressures from the Asian economic crisis. Also, there are definitely some interested buyers out there right now because of the volume seen today so far.