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

To: Claude Cormier who wrote (530)	12/15/1998 2:05:00 PM
From: the Chief	Read Replies (1) \| Respond to of 1996

Hi Claude. I have been delaying answering your question for a couple of reasons. During all of this "bull" with the BC gov over the last 3 years. A number of "numbers" have popped up. I am having IR research the KPMG paper of "Amber property assesment" as we speak...er-write. On April 15th 1996 Rock resources submitted a written request for compensation in the amount of $15,000,000 In determining the $15,000,000 RKR took into account the evaluation reports of an Independant Consulting Geologist and a KPMG report, the time that lapsed since the expropriation, the future potential of the property and lost opportunity. Remember this was Rocks only asset at the time...so it crippled the company!! Assays taken from underground galena-sphalerite mineralized veins on the Amber property(there is a mineshaft on the property) ranged up to 61% lead 33% zinc, 33oz/ton silver and up to 2.18 oz/ton AU on pyrite mineralization. Assays taken from trenching ranged in quartz veins up to 18%Pb, 13.5 oz/ton silver and 11.8 oz/ton Gold Now Rocks submission is for $15,000,000 right now. I think...and again..I am having IR look into this....if BC doesn't settle for $15mm, RKR is going to add another $6mm to the settlement and sue for that amount. This is where the $21,000,000 comes from...not as I said earlier. The reason for the extra $6mm is because of the additional 2 year delay that we have sustained waiting for the BC gov to give us compensation. IR at RKR believes the assesment by KPMG was $11,000,000 + for the property. As soon as I find out I will let you know. Sorry for the confusion..I took things off the top of my head and because that now has become a critical issue here...I won't do it again!! the Chief