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Gold/Mining/Energy : Pallaum Minerals (ASE:PLM) -- Ignore unavailable to you. Want to Upgrade?

To: Peter Neidhardt who wrote (319)	2/17/1998 9:03:00 PM
From: Buckey	Respond to of 536

Cash position is not large To the best of my knowledge - they just realeased the numbers a few weeks ago. Short term there is potential but it is already up over 40% since Jan 1. was about $.51 - now $.75. Longer term - 1 -2 years has massive potential. Short term I am banking on News of a jv with the DML/TEK on the AD II property in SVB. I have no info. This property is right smack in the middle and I have increased my PLM holdings on a guess that within the next 7 calender days that some sort of drilling announcement for this property will be made. I have no inside info and I own less than $10k of this stock so I am by no means a big player.

To: Peter Neidhardt who wrote (319)	2/17/1998 11:47:00 PM
From: Peter J Smit	Respond to of 536

I believe they still have a relatively healthy cash position although less than $1 mill. They have not had a high cash burn rate since about September last year. I spoke with Mark today and he said that they received confirmation from the PDAC for their booth. They will be in the Investor's Exchange on the Tuesday and Wednesday 10-11 March. URL for PDAC: pdac.ca Regards

To: Peter Neidhardt who wrote (319)	2/18/1998 11:23:00 AM
From: Kent C.	Read Replies (1) \| Respond to of 536

Hello Peter, Cash on hand at September 30, 1997 was $121,935. The Company has arranged a private placement of $510,000. The funds will be used to continue with exploration programs on the Nevada properties. I think that short / mid-term, PLM will benefit greatly from the action in South Voisey Bay (Donner/Teck Joint Venture). See their website for their property locations. pallaum.com They are also featured on my site, investor1.com I don't know much about the Nevada property, I think most of the interest in the first quarter will be on SVB. I think they are planning a drill program for their Voisey Bay property, if this is true, I'm sure they will do a financing for it. For more information contact: Mark Crowther - Investor Relations via email: info@pallaum.com PALLAUM MINERALS LTD. Suite 570, 1050 West Pender Street Vancouver, British Columbia V6E 3S7 Tel: (604) 687-5257 Fax: (604) 687-0384 Toll Free: 1-800-895-2211 info@pallaum.com pallaum.com (Very Nice Website!!)