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Gold/Mining/Energy : Big Valley Resources (BV-ASE) -- Ignore unavailable to you. Want to Upgrade?

To: bcjt who wrote (158)	12/2/1998 3:06:00 PM
From: R Kenyon	Read Replies (1) \| Respond to of 231

BV are definitely not saying a mining deal will be completed by Dec 15. The significance of the 15th is that this is when the wood deal closes and BV gets the $1 Million. In fact BV have been very careful not to give a date for an ore deal for the reason you outline. BV have indicated to me they hope to have something early in the new year. Regards RK

To: bcjt who wrote (158)	12/4/1998 5:01:00 PM
From: Scott Cameron	Read Replies (1) \| Respond to of 231

Re: Dec 15th deadline, I presume you're referring to the $1,000,000 coming from the HDL deal. I can understand your concern as it certainly worried me. Since then I have found out that BV has $1,000,000 worth of hard assets that are held in trust according to the arrangement between HDL and BV. If HDL gets their deal then BV will receive $1,000,000 cash and transfer the assets to HDL. If, by Dec 15 the deal does not go through, then BV can flog the assets. Apparently since acquisition the value of the Tofino property has doubled. Cheers