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Gold/Mining/Energy : The Next Act -- Ignore unavailable to you. Want to Upgrade?

To: Ward Nicholson who wrote (34)	4/5/1998 5:39:00 PM
From: John Fairchild	Respond to of 102

No time to talk right now but take a look at MTI.B Microcell Telecommunications (FIDO). The chart is amazing. FP talking about NET.A being the pick right now and failed to mention MTI.B. Watch SGB-T (Private placement at $5). Impressive looking company - Check out the web site. Still holding LGE-T. I really like the way this one trades. Yorkton mops ut at the end of the day. Junior mining made me sick this year but you have got to start thinking that some of these are going to come back in a hurry. MMU and CG Alberta diamond play. I own CG-T for their big cash position. Expect news this week - might be a good pop. Other juniors i like. MIQ ARP SUR QTR has the ability to move with FGX if these guys announce a take over or as soon as they get halted buy QTR if it has not moved much. IC- very scary. Check out ANI. Nice chart legit business of tagging animals with chips.

To: Ward Nicholson who wrote (34)	4/5/1998 8:08:00 PM
From: John Fairchild	Respond to of 102

Ward MAN and MR had been on my watch a couple months ago but I gave up on gold. Time for another look. Check out MR. Here is significant release regarding what they have and where they are going. The chart is very dynamic. Metallica Resources Inc - Cerro San Pedro JV Metallica Resources Inc MRShares issued 224000001997-11-20 close $1.62Friday Nov 21 1997See Cambior Inc (CBJ) News Release Mr Louis Gignac reports Cambior and Metallica have entered into an agreement for the joint development of the Cerro San Pedro project in San Luis Potosi, Mexico. The project is currently 100% owned by Metallica's Mexican subsidiary, Minera San Xavier SA de CV. Cambior will become the project manager and have the right to acquire a 50% interest in MSX by investing $20 million in project development expenditures. In addition, Cambior will provide project loan facilities for the development of the project for up to $60 million to MSX and a gold and/or silver hedging facility up to a maximum of 150,000 ounces of gold. Cambior will also subscribe to 2.0 million common shares of Metallica; 1.0 million shares at of $2.60 and 1.0 million shares by exchanging common shares of Cambior at the market price of the two companies during the 10 trading days between November 4 and 17 1997. Closing of all formal documentation is expected to be completed on or around December 8 1997, or in any case prior to December 29 1997. The board of directors of each company has approved the transaction. As described in the feasibility study completed in March 1997 by Kilborn International for Metallica, the Cerro San Pedro project contains proven and probable reserves of 77 million tonnes grading 0.60 g Au/t and 24.8 g Ag/t, representing 1.5 million ounces of gold and 62 million ounces of silver for a total of 2.4 million ounces gold equivalent. The Kilborn design for the provided for an open pit, heap leach mine, targeted to operate at 30,000 tonnes of ore per day for an average annual production rate of 190,000 ounces gold equivalent. Total cash costs over the eight year mine life have been estimated at approximately $220 per ounce of gold equivalent. Capital expenditures, to bring the project into production, were estimated to be approximately $70 million. Cambior plans to update this feasibility study in the context of lower gold markets with the objective of reducing capital expenditures and optimizing operating costs. WARNING: The company relies on litigation protection for "forward-looking" statements. (c) Copyright 1998 Canjex Publishing Ltd. canada-stockwatch.com