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Gold/Mining/Energy : Solv Ex (SOLVD) -- Ignore unavailable to you. Want to Upgrade?

To: Larry Ricker who wrote (5620)	5/1/1998 1:13:00 PM
From: bettino	Respond to of 6735

Trading? Is SOLVQ(XYZPDQ) even trading? I can't seem to get a recent quote. Geeze. What a mess. Hoping Solv will develop a new cake mix or something. Thanks. Regards, Rob

To: Larry Ricker who wrote (5620)	5/1/1998 2:20:00 PM
From: Fred McCutcheon	Read Replies (2) \| Respond to of 6735

1. The removal of the bitumen from the bitumen carrying sands (having relatively small clay component) is achieved without chemicals and results in "tailings" that are dry and environmentally benign. 2. Between layers of bitumen bearing sands there are layers of clays. These are to be treated with sulfuric acid in a closed circuit that recovers all the excess acid and results in further dry benign "tailings". This is the source of the minerals proposed to be produced from the site. 3. Since the clays have to be moved in the process of getting at the sands, the clays can be regarded as free at the door of the mineral recovery plant. 4. There are lots of instances of industrial processes, including mining, where sulfuric acid leaching is carried out safely and environmentally soundly. Large scale copper leaching is carried out in Nevada as one example. In summary, YES. I believe that the Solvex process as described to me at the Company's offices about a year ago was environmentally sound. The markets will eventually decide if it is economically sound. Fred McCutcheon