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Gold/Mining/Energy : At a bottom now for gold? -- Ignore unavailable to you. Want to Upgrade?

To: Alan Whirlwind who wrote (1240)	6/24/1998 3:26:00 PM
From: Bobby Yellin	Respond to of 1911

you just made me laugh.. take care.. another friend of the moose..

To: Alan Whirlwind who wrote (1240)	6/24/1998 5:21:00 PM
From: Bo Bob Brain	Read Replies (2) \| Respond to of 1911

Every time I see Boris Yeltsin, he appears to be saying: "KILL MOOSE AND SQUIRREL !!" Still looking for silver to decline back to the $4.92 area. We have the July contract coming up for delivery early next week, traders have to get out of that contract. That could bring us down one more time to that low. The next sharp low in the precious metals could coincide with one more new high in the stock index futures. We have to look at the dollar, will it go up or down? Don't see any reason for the dollar to go down any further. With the stock market gaining momentum now, we could see more people coming into the dollar, which will put more pressure in the precious metals, short term. At 141 for the Yen, the question is when will the central bank come in again and start intervening? If the stock market goes up sharply tomorrow, that could have a negative impact on the Yen.

To: Alan Whirlwind who wrote (1240)	6/24/1998 5:22:00 PM
From: Ray Hughes	Respond to of 1911

Hi Alan, Glad to see your good humour intact - I've been rather blunt about my opinions. I'm in the mining promotion game - just wan't to help steer folks to the real guys and companies. We all would benefit from cleaning out the cons and a return to reality. Just don't stand in front of the moose - they are so near sighted they walk OVER what they want to see. And make sure the noise in the bush ain't a grizz - crafty, mean and we're just a tasty snack. RH

To: Alan Whirlwind who wrote (1240)	6/25/1998 10:43:00 AM
From: Alan Whirlwind	Respond to of 1911

space1999.net

To: Alan Whirlwind who wrote (1240)	6/25/1998 11:19:00 AM
From: Bob Tate	Read Replies (1) \| Respond to of 1911

Respnse to Post 1237 "The best scams are usually about properties in some absolutely unknown moose pasture. Russia and China are going to be extremely fertile fields over the coming years. Enough real properties to lend credibility. Exotic mystique for the public. too distant for John Q to go check out on vacation. Local officials corrupt so they can be bought. We'll have a new clutch of novice analysts after the upcoming washout. Just learn how to scale out on the way up." I agree entirely here. Blanchard was touting Gold Belt for months before Bre-X. It has properties in Russia and the former Soviet Union. The stock lost 90% of its value. Actually, it's trading today at .01 Canadian. Was in the .60's Canadian when it was hyped. I considered it, but fortunately prefer North American and Latin American resource plays. I believe several other mining plays in the vicinity also tanked. " It is bad comparison between Brex and Goldbelt (V-GDB)Goldbelt has direct stake in gold-Zn-Ag tailings and starts to produce gold in partnership with local Kazakstan mining company. Brex had nothing and consisted of crooks that met their fate the way they deserved it. 50 years of soviet geological exploration produced good discoveries that are available for joint ventures today. At the time there was no stock exchanges and no hype. Geologists employed by state had no personal gain from what they reported. Amount of exploration in the form of total linear feet of drilling and trenching for every discovery was on average two to three times higher than standards used today in the west before mineral resources had a chance to be confirmed by government ministry. In general all geological data that came from this period is considered by western specialists as accurate. Hence if western mining company goes to former USSR they have wide choice mineral deposits to choose from. Small country Uzbekistan alone has about 1500 registered mineral deposits of various sizes . As to GDB stock price is a different question. Aren't they all low today? Bellow from Stock House on GDB. Start Of Initial Production At Its Gold Tailings Project In Kazakhstan Processing of the gold-silver-zinc tailings at Goldbelt Resources' joint venture in Leninogorsk, Kazakhstan has begun after several months of negotiations between the joint venture partners resulting in a re-alignment in the ownership/management structure of the joint venture. The processing will be done under contract with Kazzinc, the successor in interest in the Leninogorsk Polymetallic Combinant (LPC) zinc concentrator that is adjacent to the tailings. Goldbelt and LPC hold the mining license for the gold tailings project through its joint venture company Kazgold. The tailings consist of 102 million tonnes averaging 0.74 g/t gold and 5.71 g/t silver. Also, there is approximately 0.8% zinc in the first 13 million tonnes to be processed. After rejecting plans for processing the tailings through a large scale stand-alone processing plant, Kazgold has decided to begin processing the tailings on a limited basis of approximately 30,000 tonnes per month by using the spare capacity of the Kazzinc plant. This will be done without any capital cost to Kazgold. Mining, processing, and treatment of zinc and gold concentrates will be handled under contract with local companies using currently available equipment and facilities. The decision to pursue this initial stage of production as soon as possible resulted from the successful testwork previously announced (May 14, 1997) which demonstrated the viability of Kazzinc's existing grinding and flotation circuit for processing the tailings. Kazgold has fixed cost per tonne agreements with Kazzinc for the processing of the tailings and the refining of gold concentrate. Kazzinc has guaranteed a fixed recovery rate of metals based on the tailings feed grade. The contracts in place with Kazzinc are through December 31, 1997 subject to renewal following the first three months' operating performance. Kazzinc will purchase the zinc concentrate and will deliver gold dore for Kazgold's sale. The first three months of Kazgold's operations are estimated to produce 2,350 ounces gold, 110,800 ounces of silver and 500,000 pounds of zinc contained in concentrate. For 1998 and 1999, Kazgold is projected to operate at an annual production rate of 10,600 ounces gold, 65,000 ounces silver, and 2.9 million pounds of zinc. Kazgold intends to continue this first stage of operation for two years while it seeks financing and constructs a stand-alone processing plant and gold recovery circuit. At an estimated cost of US$15 million, a 1.2 - 1.5 million tonne per year plant could be in operation in two years. During this second stage of operation, Kazgold will produce annually up to 50,000 ounces of gold, 300,000 ounces of silver and 8 million pounds of zinc.