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

To: THE SKEPTIC who wrote (3733)	7/8/1998 11:27:00 AM
From: bill718	Read Replies (1) \| Respond to of 4718

Your very first post to SI, a trial membership, and you write exactly like another regular here who has slammed the company every time he wanted it to go down. My bet is you still need to cover your short, or you are flipping and need to stock up again. You sure as hell have not put this much work into a lengthy post to save us from being burned. The depth you claim to be so weak varies in strength considerably. At the moment there are 62.5k bid @.28 which is reasonable support (and you never know who is waiting there to pounce on cheap shares). House 7 has a net position of over 3.2M shares accumulated since Oct./97. Further it is pretty damn clear to me from the trades, that they have been involved in manipulation to hold down the price for some time now (normally with house 2). We are talking over 8 months of steady accumulation....I highly doubt that they would dump now just when so many positive factors are beginning to fall into place....Indo stabilizing, beginning of drill program in BC, Steppe in trouble and ANZ grabbing a big piece of the action, the sale of Rappa helping financial situation.... By the way, as I write this the last 2 trades show house 7 buying. As far as Toodoggone results a "bust", I disagree. Kemess South is based on a large amount of ore grading ONLY 0.018 ounce of gold per ton (and 0.22% copper). The results to date from AGC/ANZ are suggesting plenty of widespread lo grade ore at Toodoggone, and if the Royal Oak infrastructure can be used, then mining Toodoggone could become very economically viable, unlike the case for Energex. Since you claim to know the Energex situation so well, then you must know that one of the factors that killed them was the expected cost of processing. For example...based on a study by Kilborn back in '86, the projected costs to heap leach only 30k tonnes for Energex: Mining: $750k PROCESSING: $1.2M Power: $20k General and administration: $75k ********************************************************************** About the only statement you made that I can agree with is that the market for Jrs. is bad, and many very good companies are extremely undervalued at the moment, including ANZ.

To: THE SKEPTIC who wrote (3733)	7/8/1998 11:45:00 AM
From: Donald F. DeKold	Read Replies (2) \| Respond to of 4718

It's better to ride Antares through this valley! This company is growing by leaps and bounds! Look at the record. ================ I've been following Antares for almost two years now and just look at what's happened 1. Two years ago, all Antares had was a minority interest in the Lady Lina and a 25% interest in Rappa, and an unimpressive war chest. 2. Last year Indonesian property was added that has in 12 months of drilling yielded an estimated one million ounces of gold equivalents. 3. They now have increased their stake in Indonesia from an original 45% interest in just the Ojolali to 77.5% of the Ojolali and the surrounding 29,700 hectares. 4. I read in the recent July 7 news release that a COW will be issued that lumps the Ojolali together with the 29,700. This will greatly simplify the administrative overhead of the Indonesian interests. 5. Presently Antares will begin to prove up the Jambi by more drilling at closer intervals. With proof in hand (and a COW) I expect within nine months the beginning of a low cost heap leach operation in the Ojolali that will finance their ongoing Indonesian exploration and development. 6. If nothing else, ANZ could just package the Ojolali and sell it to a major. 7. The Toodoggone will become 55% owned by Antares by the end of this drilling season. The potential for a major gold find looks promising. 8. The news release of July 7 speaks of ANZ acquiring a new mineral property in North America. My understanding of this prospective endeavor is that the commodity to be produced from this mine is not subject to the vagaries of the metals markets, but is a product that is in steady demand by our North American market. Sorry, but I don't know what it is. 9. Antares will (in collaboration with a MAJOR!) be producing gold in Kazakhstan within nine months at the rate of 80,000 ounces per year. This will yield a profit of about US$12,000,000 a year at current gold prices. ANZ will not get all of this, but let's assume at least half of it. That makes for a hefty cash income of US$500,000 per month by the spring of '99. (DISCLAIMER: These are MY speculative estimates only!) 10. Antares also has a full war chest now to pursues its objectives. How many other junior mining companies enjoy the secured assets and enviable prospects presently enjoyed by Antares? ================ So if you want to give up on Antares now, maybe you should look at how far they have come in two years. Sounds to me like Dennis Gray and company are getting an awful lot done for so small a staff in their Toronto office. I personally am excited about the company's prospects. They've come a long way in a short time and whether the share price reflects it or not, they have indeed built value for the shareholder. I know that whenever I am able I will add to my position and sit back an enjoy a success story rapidly unfolding. Don DeKold Gainesville, FL