Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Ron Everest who wrote (664)	3/24/1998 9:58:00 PM
From: Abner Hosmer	Read Replies (1) \| Respond to of 835

Thanks Ron - By the way, I spoke with IR late last week and they gave me a figure of C$17.8 million including investments, prior to the warrant placement. Last figure I had for shares was 28,562,000 at end of Dec. IR also mentioned that drilling equipment can be brought up the Mahakem River rather than flown in. This is apparently a good sized river that serves as a highway to the region. Not sure if the drought could have an effect on this. The country is normally very wet, impossible to keep your boots dry. No word about sending in a scout drill at this time. They are adding to crews, doing a lot of other work. Apparently a lot of this copper is outcropping at surface. Was told nothing planned for Mongolia this season. No word on potential jv's. There may be some sorting of these properties and they will be put on maintainance. As I was told, "They know where they want to work." Clearly, it is Mahakem. Didn't think to ask about JVAG's Kendeng project and didn't get a chance to talk about Sebulah. Asked about Minoro and was told nothing new. They are still in the DD process, other details as per the news releases, ie meant to close by April 30 and the first payment within 90 days of the scoping study, which puts us at mid-May. Emphasis is on closing this deal. Any sale of Pursuit's interest would be subsequent to this, and does not seem to be on the burner at this time. I'm sure most all of this does not come as news to anyone, would be interesting to hear of any further progress. best regards - Tom