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Gold/Mining/Energy : Houston Lake Mining [HLM-ASE] -- Ignore unavailable to you. Want to Upgrade?

To: John E.Quinn who wrote (75)	12/11/1998 9:29:00 AM
From: DRT	Respond to of 364

It was a property description compiled by HLM's President, on behalf of the Board of Directors. You can get an original copy and map by calling 416-869-0632. The supply-demand scenario is the right one vs. gold and base metals, I'll certainly be watching for any PGM drill results with interest. If HLM can at least prove up the prospector's initial drill results on Tib Lake, it could heat up quite a bit. DRT

To: John E.Quinn who wrote (75)	12/17/1998 7:35:00 AM
From: DRT	Respond to of 364

12/16/98 TODAY IN PLATINUM "Buying and support for the pgms has emerged at year end, as the tea leaves are indicating that delays in Russian supplies may again be a factor in 1999. So far there has been no repeat of heavy December sales, as was witnessed in 1997, so the platinum group metal prices have seen some upward volatility. Particularly today, where palladium reached a 4 1/2 month high as buying surged in the Tokyo markets, spilling over to London and New York." ____________ Let's hope we see year-end support for HLM ... tax-loss selling is creating some significant losses for the sellers and, if the anticipated '99 drill program(s?) bear fruit, significant gains for the buyers. DRT

To: John E.Quinn who wrote (75)	12/31/1998 9:13:00 AM
From: DRT	Read Replies (1) \| Respond to of 364

From "The Year In Platinum, Number 2, December 1998 "1998: Investors Seek "Safe Haven" In Precious Metals" Palladium Being a member of the platinum group metals and having some physical similarities to platinum, palladium is considered a sister metal to platinum. In some applications, particularly autocatalysts, they are competitors in meeting the challenge of reducing harmful auto emissions. Engineers often make tradeoffs between platinum and palladium when determining loadings for autocats, and due to lower costs for palladium, some auto manufacturers have even developed a palladium-only autocatalyst. The economics for this changed, however when the price of palladium at one point closed higher than the price of platinum. Palladium's gains were partially caused by growing demand in the multi-layer ceramic capacitor (MLCC) sector and auto sector, and even more so by the irregularity of Russian supply. Russia supplies roughly 70% of the world's palladium, so the effects of supply disruption are even more starkly reflected in palladium prices. In the late 1990s, Palladium's price increase from around the $130 level to the upper $200s was hoped, by many industrial consumers of that metal, to be an aberration. But 1998 proved that this higher price level may be persistent, particularly in the light of Johnson Matthey's predictions for continuing shortfalls in supply. __________ Let's hope 1999 is a better year for HLM (looking forward to the planned drill program on Tib Lake). The market has certainly improved since the tax loss selling ended. DRT