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Gold/Mining/Energy : THYSSEN MINING EXPLORATION INC. ("TME") -- Ignore unavailable to you. Want to Upgrade?

To: marcos who wrote (30)	2/26/1999 7:48:00 PM
From: Gord Bolton	Read Replies (1) \| Respond to of 50

Marcos and DD. All valid points. I think that they knew exactly what they were looking for when they drilled. In this case they could tell a lot by visuals and they probably did some of their own sampling while the drilling was ongoing. They have already done a large bulk sample and were considering mining and shipping to a local mill. THe ore was actually richer than anticipated. Hence the decision to see if they could drill off enough for a mill. THere were previous workings and underground workings on the property so sampling would be fairly easy. I have no doubt that Thyssen wanted into Chile-who doesn't and Argentina for that matter. CRJ already had some good property scoped out and some dealings with Thyssen. It seems like a good fit. THere is a lot of propery and very good property that has never been available nor has it been explored by modern techniques. With metals at the bottom of the chart the conditions were excellent for picking up properties. With regard to a hold on the results-There was no doubt a little wait and see what happens to both world metal prices and the South American financial situation-and of course acquiring more of the surrounding properties. The NR will tell the story. If they already have feasability done and have their sights on building or acquiring a local mill we should be in business. They already have some mining equipment on site and for all we know they might be stockpiling and preparing the site. If we have wide ranging and stacked mantos of rich ore we will be away. They have no doubt been watching the price of silver and forecasts for improvement. Copper will not likely stay at 62 cents per pound for long. With 2 to 7% copper the economics will be good enough anyway and will likely improve significantly.