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Gold/Mining/Energy : MARUM RESOURCES ON ALBERTA -- Ignore unavailable to you. Want to Upgrade?

To: philip trigiani who wrote (994)	11/14/1998 7:09:00 PM
From: The Osprey	Respond to of 2514

Wrong kind of trees??????? Average Joe would have an answer for that I am sure.LOL Osprey

To: philip trigiani who wrote (994)	11/15/1998 11:02:00 PM
From: Mr. Oil	Respond to of 2514

Philip, sorry for the delay in getting back to you. First of all let me say that Carib Gold has until the end of Dec to change their mind and who knows what they might do. Once they let their option go they have in effect sold their interest and taken a loss. It is always hard to let go of a good possibility for financial growth. No doubt they may have decided it was 'not' a good prospect. Perhaps they even thought it has potential but they would rather put their money else where. Like an individual investor, a company has to decide where it is going to invest and from time to time it has to rebalance and rationalize it's portfolio. It should not be concluded however that their 'corporate reasons' whatever they were are in fact the kiss of death that MMU will ever be successful in finding kimberlite. Their reasons mean only that they will not invest anything further at this time...that is all. If another company has decided to pick up their buy in option then their reasons are equally validating are they not? It is not that we won't have anyone drilling here. It is only that it will not be CG. If there is kimberlite found on any of the 10 primo targets or any of the back up targets, then it will not be CG who benefits. That is all we should conclude from their decision. Just last year Aber decided not to share in the 1998 drilling cost of WSP/Aber jv of the Haywood Project of the Camsell Lake property and therefore reduced their percentage interest by about 11%. Many thought that this indicated that WSP didn't have much of a chance to pull up the goods because Aber wouldn't do that if they believed Snap Lake would prove up anything of value. The price slid back and WSP increased it's portion of holding to about 68.5% by solely funding the 98 drilling program. What we find now is that Aber made a mistake and lost value as a result of 'their' corporate reasons. It is entirely possible that CG will regret their decision too like you and I do when we sell a stock at a loss only to find the stock double or or triple within a couple of months of selling. We make the decision to sell and we live with the consequences. Personally I am not discouraged by the Carib decision if they do drop their option because MMU is excited about the possibility of drilling these targets and they will find a way to get it done. We have been told someone else is waiting to move into their (CG's) place. I am long and looking forward to the drills beginning. For what it's worth these are my thoughts. Take Care! Ray