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Gold/Mining/Energy : ATNA ( v.atn t.atn) -- Ignore unavailable to you. Want to Upgrade?

To: masai who wrote (297)	7/15/1998 10:41:00 PM
From: Blake	Read Replies (1) \| Respond to of 509

Ygc is the current owner of the Wolf property. In order for Atna to earn the 65% interest in the Wolf property from Ygc Atna must spend 1.5 million over 5 years and make cash payments to Ygc totaling $320,000. I believe this is the fourth year of the option agreement. Considering the price of Ygc the risk/reward factor definitely is going to be more rewarding if the next set of results continues to expand the Wolf deposit. All Ygc has to do is sit back and let Atna do the work on the Wolf property with no cash expenditures from their own pocket. It would sure help if the precious and base metals markets turned around and until then even with spectacular results people will ignore these companies. I like Atna because they have a healthy cash reserve, interest in the Wolverine deposit, their investment in Grayd Resources and a good group running the company. If they can continue to prove up more tonnage on the Wolf project to be economically viable and they can sort out a solution to the Wolverine project(ownership and metallurgical)I think Atna could be a potential takeover target. This is the best time to accumulate these companies if you've got the extra cash!! Cheers, Blake