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Gold/Mining/Energy : Cypango Ventures Ltd. (CAV) -- Ignore unavailable to you. Want to Upgrade?

To: RMF who wrote (407)	3/11/1999 12:34:00 PM
From: VAUGHN	Respond to of 457

Hello Micap Long time no hear. I stand corrected, here is the breakdown: The Yamba Lake claims were previously under option to Cypango, which has agreed to terminate its option upon receipt of regulatory approval from the Vancouver Stock Exchange, in return for receiving an 11% undivided interest. Upon SouthernEra earning its 51% undivided interest, Cypango will have a further option (exercisable within 60 days of SouthernEra being vested) to acquire an additional 2 1/2% undivided interest by paying to Tanqueray and Mill City $2,500,000 for each additional 1% undivided interest. At the time of SouthernEra earning its 51% undivided interest and prior to Cypango exercising its option to acquire an additional 2 1/2% undivided interest, each of Tanqueray and Mill City will own a 19% undivided interest in the Yamba Lake claims. I would be cautious if you are thinking that you will make a killing on CAV. While it will share nicely in any discovery, I doubt management will keep matters as they are currently structured. You might be better off in MIY in the long run but then that's just my opinion. Traci, I bought at $0.04 and so every penny is profit for me. If you bought much higher I must agree, that profits may be thin but not unlikely. Regards

To: RMF who wrote (407)	3/12/1999 11:17:00 AM
From: wes	Read Replies (1) \| Respond to of 457

cav is worth at least $.15 at todays levels. if you look at MIY price 15 cents and 48 million shares thats 3x the number of shares of cav. next TQY 20cents and 24million shares thats 3times the price with 25% more shares. now we know CAV has only 11% ownership and both miy and tqy have 19% if these 2 dont move at all CAV has a lot of room just to value it self with miy and tqy.and this does not include general valuation with the soon to start drill program. imo. wes