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Gold/Mining/Energy : Queenstake Resources (QTR.T) -- Ignore unavailable to you. Want to Upgrade?

To: Shirley Owen who wrote (1657)	1/5/1999 9:28:00 AM
From: JAS	Read Replies (1) \| Respond to of 2249

Thanks Shirley.. good summary. Is QTR any worse off than a year ago (.80-.90)? In fact they have held their ground despite a terrible market, still got JV's with billion dollar market cap companies, and have a great history over the past 10 years of market movement. I would say, the very ones that are knocking QTR right now, may be the very ones buying. Then again, I could be wrong on this one but at .50 I will add to my .25 , .38 and .58 position and wait for some good holes in a proven area. Look at ARP with approx the same number of shares o/s. It would not surprise me to see Barrick and Newmont positioning over QTR soon. Be assured, the biggest wants to get bigger! Jim

To: Shirley Owen who wrote (1657)	1/5/1999 7:09:00 PM
From: charred	Read Replies (1) \| Respond to of 2249

Hello Again Shirley, I just looked the map on the news release. It seems that they drilled only 2 holes into the vuggy silica zone. Newcrest drilled widely spaced holes over a long strike length. If Newcrest continues, they should drill more in the vuggy silica zones. I don't know why they drilled in the areas they did or why they didn't drill more holes in the center area. I feel Newcrest will drop this property eventually. This not bad because Queenstake gets 100% of the property back. As I said, Newcrest is cheap. There are better partners out there. Newcrest spend 2 bucks to save 1 and likes helicopters at $4000 per hour. Off topic a bit, I thinking the same way on PFG, if Barrick drops the property, the stock would drop for the moment then the stock would be a screaming buy.