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Gold/Mining/Energy : Diamonds in Alberta, Ashton, Pure Gold, Montello, New Cla -- Ignore unavailable to you. Want to Upgrade?

To: Rick W. who wrote (445)	2/10/1998 10:33:00 PM
From: Paul Watkins	Read Replies (1) \| Respond to of 822

Rick, Mount Hope was approached by Yorkton for a financing (was to be one of the ten mentioned here earlier) but has turned them down. They have the ability to raise the necessary money internally without diluting the stock or gifting out warrants etc... Mount Hope is a brand new company that was 'spawned' by the insiders of Nevsun Resources (NSU.TSE). Nevsun raised approx. $56 million dollars in the last year and a half and the people involved have a very good track record in mining and exploration. Mount Hope currently has approximately $500K in the bank and pays no salaries, no office rent (they're currently in Nevsun's office), all of their property was staked by themselves and vended into the company at cost (approx. $75,000 for all 3.2 million acres). They are taking their time and doing a lot of work interpreting data. They have some very good targets, but are not rushing to their property until they are ready. The management here is truly first class and worth looking into.