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To: Ptaskmaster who wrote (1290)7/24/1998 4:18:00 PM
From: BillyZoom  Respond to of 1539
 
As a last resort it would be reasonable but by working with IPM management to the point of an agreement the integrity of the Fire Assay R&D and existing drill samples ($10M+ of progress)remains intact. The way I see it its approx. (a)1M to bail out from creditors, (b)1M to secure the property and (c)1M to finish the bankable resource statement. The strategy of the property on its own would only be useful on a "strip it and ship it" basis which entails too many "what ifs" and involves other parties that don't exist at this stage of the game.

To control the companies destiny its best to leave all options open for future development.

Rob