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Gold/Mining/Energy : L S Capital / Griffin Gold (OTC:BB CHIP) -- Ignore unavailable to you. Want to Upgrade?

To: Chuca Marsh who wrote (3211)	2/7/1999 10:08:00 PM
From: Alan Vennix	Read Replies (1) \| Respond to of 3594

DESERT DIRT INDEX VALUES AS OF FEB 5, 1999: NOTE 1: For the year 1998, index values were down between 85 and 95%, meaning that the initial $1000 investment would have decreased in value to $50 to $150, depending on the specific indice. This assumes zero value for IPMCF since it was not freely trading at year end. NOTE 2: For 1999, MGAU has been substituted for IPMCF and the indices will be calculated assuming the investment of $1000 using the Dec 31, 1998 closing values for the five stocks in the index - CHIP, GPGI, MGAU, MXAM, and NAXOF. NOTE 3: For the year of 1999 through Feb 5, MGAU's stock price is up by 204%, NAXOF is up 59%, CHIP is + 40%, MXAM is + 13% and GPGI is -5%. A basket of the five stocks is up 60-90% on the year, depending on the particular indice. See the notes below for a definition of the three indices. (Keep in mind, of course, the disastrous year 1998 and that this assumes a fresh investment on Jan 1, 1999 without accounting for the 1998 losses.) NOTE 4: DD NEWS - NAXOS reported the results of 4 assays of samples from their California Franklin Lake property that averaged 0.24 oz AU/T and that a pilot plant was being reconfigured to test the recovery process with test runs planned for February and an expectation that the plant would be operational in March. MG GOLD issued a series of PR's announcing testing of an assay/recovery procedure from Johnson/Lett at their 3 Arizona properties; results of assays of drill hole samples from their Sticklizard property (nearby to the IPM Black Rock property) averaged 0.47 oz AU/T, two recovery tests of material from the Sinagua Cinder Cone yielded positive results with a 500 lb sample showing a recovery of 0.56 oz AU/T, and tests on drill samples from Martin's Peak (the zone underlying the marble quarry) averaging in excess of 0.4 oz AU/T. LS CAPITAL reported encouraging results from their Montana property (not a Desert Dirt property) and said they were evaluating potential recovery methods. For additional details on the DDI, see: Message 7708754