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Gold/Mining/Energy : Steppe Gold (SPE:V) -- Ignore unavailable to you. Want to Upgrade?

To: John Menzies who wrote (629)	2/17/1998 1:07:00 PM
From: Robert Dydo	Read Replies (2) \| Respond to of 1248

Great idea John. According to news release K&A deposits are being a subject of negoatiatons with potential partners. Is Akbastau North a target which SPE is looking for themselves exclusively( as development of Mizek proccessing facility) or something which would be an addition for succesful JV in the later time? RC is being planned, how big and when? Robert

To: John Menzies who wrote (629)	2/17/1998 7:19:00 PM
From: Robert Dydo	Read Replies (2) \| Respond to of 1248

David points out Akbastau North could represent larger target than Akbastau itself with as good or better metal indicators. The character of K&A deposits and as your info characterizes Akbastau North is of the base metals mainly (specifically Akbastau). Thinking of this,I should probably correct myself in regard of Mizek heap leach and connection with Akbastau North and A&K as not applicable. Can you tell us if Akbastau North is the only target within the Mizek licence SPE is concentrating at the moment for 1998 (RC)? Why I ask about that? In one of your thread posts you have said that $10M is needed to develop the K&A and this will be done with help of the partner. You have also told us that Steppe is after development of advanced projects which,with no doubt, K&A are. Is this means that Steppe will wait for the partner before further work on K&A? Can you tell us more about other targets and plans? Another aspect would be of financial matter. How Steppe would pay for exploration of those targets? It is logical that after Mizek starts bringing money other obligations would take first place and proceeds if available could be drawn probably at the end of the year? Does it mean that than we could expect work to start? Pesonally I am for the long term and I would like to know in what order I could expect company to work in the future.It seems that with those big companies getting in trouble recently lack of planning and systematic progress caused them to stand on war path with government. I would assume that priority of Mizek is unquestionable but such huge land position must bring responsibility to company for justifying to Kazakh jvs the reasons to stay with company and it is obvious that some steps must be taken. Will we see reduction of land and concentration on particular targets? Will Steppe look for other opportunities of more advanced nature afterwards? You have just told us about one 1998 target and look how many questions. Just wait till you give us the description of others. Regards Robert