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Gold/Mining/Energy : Trump's 12 Diamond Picks, Discussions Limited -- Ignore unavailable to you. Want to Upgrade?

To: Surething who wrote (557)	2/3/1998 9:36:00 PM
From: Chas.	Read Replies (2) \| Respond to of 2251

Surething... The JV remains the same percentages until they cut a new deal, if they cut a new deal, bottom line here is Aber no longer believes in Snap Lake prospects and is not willing to spend anymore money on that portion of it. They always were a little skeptical of the CL stuff.......Me ....I'm still behind Randy Turner 100% ...we've still got the geology...chuck

To: Surething who wrote (557)	2/3/1998 10:50:00 PM
From: bill	Read Replies (1) \| Respond to of 2251

The percentages change. WSP picks up a bigger percentage. Yes, I think that this explains the softness in the stock. It may also explain why Lucas was bailing out in the face of drilling. The question is if the Gurus from ABZ don't think Snap Lake is worth spending money on why is WSP going to put 2+ million into the project. It sure would be nice to know what is behind the ABZ withdrawal. Could be any number of reasons. Isn't likely to be money. ABZ has lots of bucks. The question is what information did WSP show ABZ that made them decide not to put their money into the property? The timing is also terrible. It would have been a lot better if they'd have announced their decision somewhat earlier.