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Gold/Mining/Energy : Winspear Resources -- Ignore unavailable to you. Want to Upgrade?

To: DueDiligence who wrote (7582)	8/6/1998 11:44:00 PM
From: Elizabeth Andrews	Read Replies (2) \| Respond to of 26850

Whew! I was worried there for a moment. I thought you might have known the difference between mineable reserves and all the other categories. This is like several other bogus "Russian" properties that are supposed to have value. The Russians took everything of value from all the gold properties they worked on long ago. They left the bones for capitalists thinking they could raise money and defraud the public more easily than possible on a property in North America. Eric you're safe! PS. The underground workings didn't cost the Russians anything. That's the catch.

To: DueDiligence who wrote (7582)	8/7/1998 1:41:00 AM
From: E. Charters	Read Replies (2) \| Respond to of 26850

Russia has lots of gold. I once talked to a Russian Professor who ran Russia's entire gold exploration program. He outlined in 1992 about 20 Russian mines that had large reserves and were not in production because of lack of investment. At one time all Russia's production came from placer production and their technology in this regard was very advance. The Knelson concentrator is a copy of a Russian design.. Russia has big problems and not very many solutions. It is high risk in many ways. Russian business men and Russian mafia are hard to distinguish. Actually we are pretty crooked too. It is no sunday school picnic on the VSE. But Russia has no redress of these difficulties. You are overseas you are in a bind and the courts and the government are no help. Lawlessness is the norm, not what you may run into. EC<:-}