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Gold/Mining/Energy : The Western Mining Association

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To: Chuca Marsh who wrote (29)4/1/1998 12:14:00 AM
From: Alan Vennix  Read Replies (1) of 34
For those of you that might not know, I have been compiling an "Index" for a basket of 5 of the Desert Dirt stocks since the beginning of the year (also did it last year.) The 5 stocks are LS Capital (CHIP), Global Platinum and Gold (GPGI), International Precious Metals (IPMCF), Maxam Gold (MXAM) and Naxos (NAXOF). I post the details on the New Western Desert Dirt Gold Rush Thread of SI and provide a summary at the end of each month covering News Rerleases and stock activity. There is no attempt to interpret or recommend any of the stocks - it is just a factual report. I have been requested to include it here also so I will do that for the summary and then give a link to the thread with the remainder of the data.


NOTE: For the month of March, MXAM led the way with an increase of 65% in the value of their stock, followed by GPGI which was unchanged, IPMCF down 21%, CHIP down 24% and NAXOF down 26%.

There was a blitz of Press Releases during the month, led by NAXOF with 5 and IPMCF and GPGI with one each. All PR's are available on the company web sites so will be only mentioned briefly here.

NAXOF announced the resignation of their CEO, Jimmy John, and the appointment of an advisory committee to select a successor. They also had 2 releases with results of gold assays on various samples from Franklin Lake. Additionally they announced a planned 28 well drill program for FL and a 30 day extension to the Johnson-Lett agreement.

IPMCF announced that they had renogiated the purchase agreement with Phoenix/Omega for their Black Rock property and that John Yellich had been appointed CEO in place of Le Furlong who had resigned.

GPGI released assay results on a sample of material taken from their Hassayampa property, and tested by a South African laboratory under COC, which yielded gold, silver, platinum and other precious metals.

For the year of 1998 through Mar 31, MXAM's stock price is up by 65%, GPGI is down 30%, NAXOF is -42%, CHIP is -55% and IPMCF is -56%.

A basket of the five stocks is down 24-38% on the year, depending on the particular indice

Weekly data and information on how the indices are compiled can be found at:
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