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Gold/Mining/Energy : Caussa Capital (formerly Antares) T.CAU -- Ignore unavailable to you. Want to Upgrade?

To: Sam who wrote (3536)	6/19/1998 9:55:00 AM
From: Donald F. DeKold	Read Replies (4) \| Respond to of 4718

Sam, I don't think there is one person on Antares board with former connections to ENERGEX. Why don't you call the company and request a copy of the annual report; then read and see if you recognize any names. I don't know why all of a sudden, just at the time we're all waiting for results from the Creek drilling, all these negative posts arise. Let's face it...if the one hole in the Creek (#8) is an anomalous result, a "one hole wonder," then all of us should lean over, put our heads between our knees, and kiss out ruddy a---s goodbye...or at least that part of yours on which your future rests. Sorry, I've got to side with Mr. Positive (AKA Wayne Wolinski) relative to his interpretation of the information that we get. Wayne always puts a moderate positive slant on his read of the facts. Thank goodness for that. Right now, simple reasoning tells me that Antares must have some data back from the lab regarding findings from the first cores. It is only responsible that they seek additional confirmation of the "good" or the "bad" results before they let the world know. What if they pulled a "second hole wonder, blabbed it to the world, and then no more? Frankly, that's the way I see most of the Canadian Juniors operate. Anybody remember Cartaway? They had a run to C$20 two years ago on visual reports of core. I don't think anyone in Toronto's home office right now knows one shred about initial results, except Cynthia Dean and Dennis Gray. However, Cynthia actually isn't in Toronto right now, having gone to the Toodoggone (for who knows what reason.) I don't know where Dennis Gray is, but I doubt it is the Caymans. Maybe he's gone to Kazakhstan to see the Steppe property, or to South Africa, or to Zimbabwe...but the Cayman's? Like it or not, the man is wealthy. He goes where he wants. Since he is wealthy, he probably will not see any material change in his standard of living if his properties all turn out to have tens of millions of ounces. It is probably personal and professional pride that motivates a man like Gray, not greed. I could be wrong. Cynthia Dean is a mining engineer by profession. I'm certain her expertise deals more with the economics, methodology, and such other practical matters of mining rather than geology. Now, just why has she gone to BC? Is it to mark the sites to drill? That would be a geologist's job. Well, maybe she knows a fair bit of geology. That would be reasonable. Or, maybe she just had to get out of Toronto to get away from the telephone and avoid any possibility of a "leak." People with the greatest of integrity can guard their words carefully, but often give away information with body language. The latter theory seems a little far-fetched though. What do jurors' faces tell you when they walk back into the court room to deliver a verdict? Perhaps Cynthia has gone to the Toodoggone for an initial feasibility study for mine development. A company can avoid some of the very expensive start-up costs by simply choosing the most economic spot to begin excavation. Of course my latter thought is far too positive for the cynical on this forum to stomach. We're in for a wait, like it or not. You can monger up all the negativity your minds can apprehend. It won't make one shred of difference in the outcome. It's crunch time. We'll probably see gratifyingly higher prices in ten to thirty days, or a return to the 20's. Take heart in the fact that the company has validated one exciting core...suggesting US$1100 per ton. I understand geologically that one hole suggests a HIGH probability of more holes like it. Now, if #8 proves to be just a one hole wonder...well then you know what to do. (Instructions above.) BTW, the company had #8 core subjected to a flame assay after initial results came back so high. The second assay proved even better. If they're having to do this for this season's initial cores, then that would take more time. Isn't that reasonable? Don P.S. I think Cynthia and Dennis are both up in the Toodoggone with rock hammers and pick axes, filling their pockets with nuggets. Insider's privilege, I guess.