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

To: Rob who wrote (869)	3/24/1999 7:16:00 PM
From: Winzer	Respond to of 1319

<<Meanwhile there are many huge success stories. Biotechs QLT Quadra Logic, and Forbes Medi-Tech, (eventually Glimmer?) and then there were the long string of major mining discoveries prior to Bre-X most of which were Vancouver listed or based or both.>> A good stock like Glimmer is a good stock because of the players involved. (e.g. George Kent & RM). In this play, Exall is more questionable/???/??? (and it is TSE listed because of their tactics in dealing with equity injection). NB: ??? means I cannot say for slander reasons. As indicated before, Richard McCloskey is a Professional Engineer, with the requirements for admission being more stringent than a stock exchange listing. While this does NOT guarunty anything, it gives me a level of confidence that the he has a Code of Ethics to live up to. Point being, scams are the products of shady promoters not the exchanges. When we do our DD we must concentrate on the promoters not the exchange. Like you say even the TSE (and Nesbitt Burns apparently) can be fooled if the scammers work at it hard enough. Winzer

To: Rob who wrote (869)	3/24/1999 7:47:00 PM
From: E. Charters	Read Replies (1) \| Respond to of 1319

The people in BC who run most of the junior mining exploration companies are for the most part the car salesmen of mining. They are not competent prospectors, engineers or geologists. They are mostly paper pushers. They do not understand eastern mining, geology or costs. When I told some western geos that Dome mines was mining 0.12 ounces per ton underground and making a profit they did not believe it or said that it was because Dome "had its infrastructure in place". I explained that Dome had spent 80 million on their Mill in 1987 and another 75 million on the open pit and infrastructure later in the 90's which was the equivalent of building a completely new mine and that they were mining .055 ounce per ton open pit at 10,000 tons a day they still didn't get it. When I told them that Freewest, Holt McDiarmid, Glimmer and Battle Mountain were modern mines built on underground situations and that the Holt was making money hand over fist at .18 ounce per ton underground on a brand new mill they still didn't get it. They just did not understand. I tried to sell the Glimmer deal and the Aquarius open pit to these mouth breathers since 1992. It's hopeless. Even the ones with degrees in mining have no idea or are crooked. The dominance of the mining juniors by the VSE will be the death of mining. EC<:-}