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Gold/Mining/Energy : The Western Mining Association -- Ignore unavailable to you. Want to Upgrade?

To: go4it who wrote (28)	3/29/1998 9:18:00 PM
From: Chuca Marsh	Read Replies (1) \| Respond to of 34

Chuck, here is where I saw it last refered to; the New Western Gold Rush page of Ron Struthers: sentex.net It has 6 articles of interest - not just one, tho this one on Invisible Gold of Nevada -the Most Gold Producing State of the Union by five fold, is a primer of just what is happening here. From Naxos thread: Message 3877897 Chuca

To: go4it who wrote (28)	5/3/1998 12:56:00 AM
From: Chuca Marsh	Respond to of 34

The Averages are just doing what they do sometimes! Newtech is around the corner: DESERT DIRT INDEX VALUES AS OF APR 30, 1998: NOTE: All of the index stocks were down in the month of April, with NAXOF down 7%, MXAM -11%, CHIP -20%, GPGI -21% and IPMCF -47%. The blitz of Press Releases continued during the month of April, with all but MXAM having at least two releases. All PR's are available on the company web sites so will be only mentioned briefly here. NAXOF announced the letting of the drilling contract for the next phase(s) of drilling at Franklin Lake, the start of electronic trading, the results for hole #5, and certified gold and platinum recoveries from COC samples. IPMCF announced that they had received a decision from NASDAQ to proceed with delisting of the IPMCF stock from the SmallCap. In a letter to shareholders, IPMCF provided additional details of the NASDAQ proceedings, recapped their activities of the past years and outlined their future plans for Black Rock. (While IPMC is formally trading on the CDN, some trading apparently continues in the US for IPMCF and quote services report these activities; on April 30, 11,000 shares were traded with a closing price of 0.30, consistent with the 0.40C close for the Canadian trading of IPMC.) GPGI reported that the refiners had been successful in increasing recoveries from their anode sludge product. They also reported that GPGI would no longer be on the "Designated Securities" list as a result of audited financial data which indicated sufficient assets to be exempt from the listing. CHIP reported on the status of a lawsuit related to its former casino activities and also announced that the agreement to acquire the previously announced 60% interest in the Cochise property in Arizona had been extended from May 1 to August 1. For the year of 1998 through April 30, MXAM's stock price is up by 47%, GPGI is down 45%, NAXOF is -46%, CHIP is -64% and IPMCF is -77%. A basket of the five stocks is down 38-47% on the year, depending on the particular indice. DATE__________"DDI-CAP"________"DDI-SHR"_________"DDI-DOL" APR 30___________562_______________528_________________630 APR 24___________650_______________605_________________805 APR 17___________547_______________515_________________761 APR 9____________652_______________614_________________824 APR 3____________664_______________630_________________736 MAR 31___________640_______________616_________________764 MAR 27___________693_______________646_________________722 MAR 20___________605_______________581_________________671 MAR 13___________531_______________522_________________606 MAR 6____________714_______________689_________________713 FEB 27____________758_______________736_________________726 FEB 20____________843_______________810_________________762 FEB 13____________758_______________744_________________754 FEB 6_____________866_______________876_________________944 JAN 30____________903_______________903_________________923 JAN 23____________918_______________916_________________966 JAN 16___________1028______________1015________________1030 JAN 9 ____________912_______________924_________________966 DEC 31___________1000______________1000________________1000 NOTE: For the year 1997, the "CAP" index was up 9.5%, the "SHR" index was down 6.8%, and the "DOL" index was up 19.3%. These indices were based on a basket of stocks purchased Jan 1, 1997 on the same basis as described below. BACKGROUND Market Indices for the basket of 5 "Desert Dirts" have been calculated for three different investments. (1) MARKET CAPITALIZATION (DDI-CAP) - Assumes $1000 invested in the 5 stocks on the basis of the proportionate value of the market capitalization of the stocks as of 12/31/97. (2) EQUAL SHARE AMOUNTS (DDI-SHR) - Asssumes $1000 invested by buying equal number of shares in the 5 stocks based on their 12/31/97 closing prices. (3) EQUAL DOLLAR AMOUNTS (DDI-DOL) - Assumes $1000 invested by buying equal dollar amounts of the 5 stocks at their 12/31/97 closing prices. Initial values for the three investments were calculated as follows, using estimated shares outstanding as of Dec 31, 1997: STOCK__________CHIP______GPGI______IPMCF_____MXAM______NAXOF MM SHARES ______12.2________21__________21_________45___________34 12/31 PRICE_______0.56_______1.88_________1.28_______0.38_________6.25 "CAP" SHARES____40.3_______69.4_________69.4_______148.8_______112.4 "SHR" SHARES____96.7_______96.7_________96.7________96.7________96.7 "DOL" SHARES____357________107_________156_________533_________32 With these share amounts, index values were calculated as above. As Per Alan Vennix on the other threads.