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

To: brian krause who wrote (723)	3/9/1998 5:53:00 PM
From: Robert Dydo	Read Replies (2) \| Respond to of 1248

Who knows what can come from that yet. I read many news releases by WWS in the past. We will see.

To: brian krause who wrote (723)	3/9/1998 7:58:00 PM
From: John Menzies	Read Replies (2) \| Respond to of 1248

Just take a look at the comments of the president in some of my recent postings. He absolutely appreciates the importance of foreign investment. Goldbelt: there is a fundamental difference between the two propoerty packages - we are very close to development having finished a final feasibility study on Mizek and as adised are advanced on the project finance front. Goldbelt have no similar propoerty. The Abyz propoerty is quite interesting from the public disclosures and clelary the work which they have done here is very competent. They appear to have a number of anomalies which are interesting. The Leninogorsk tailings project contains a lot of gold - with some good grades in the first couple of years in aprticular. Their explroation propoerties are large and cover some interesting geolgoy. It is the proximity to productionn which drives us and without that I guess they perceived that they had a problem. Goldbelt has been here a long time and Paul Morgan and lately Mark Wilson have in some respects forged the way for others to follow - but there is no question that we all suffer the market sentiment on kazakhstan. As I always say - I believe that we can develop this mine- export profit and go on to build a mining business in this country. Regards John Menzies