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Gold/Mining/Energy : Int'l Pursuit (T.IPJ) -- Ignore unavailable to you. Want to Upgrade?

To: Ron Everest who wrote (625)	3/10/1998 1:56:00 PM
From: Abner Hosmer	Read Replies (1) \| Respond to of 835

Ron - You've made a very good point, re the buybacks. When looked at from that angle, Pursuit is probably making a decent profit on the shares they are now selling back into the market. I would speculate right now that IPJ does not anticipate a strong likelihood of selling their carried interest in Hinoba-an in the near term. And if they indeed anticipate closure on the Minoro deal, then I would speculate that this financing might suggest that the work programs at Mahakem and the Sebulah Fault are planned to be quite extensive this year. Thanks for sharing your viewpoints. best regards - Tom