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   Gold/Mining/EnergySpokane Resources V:SKN


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To: John Soileau who wrote (13)9/9/1997 7:21:00 PM
From: L.Kilgore
   of 51
 
It certainly doesn't inspire confidence.
Wonder if they have an email address. Probably not. Too close for comfort? Very discouraging.

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To: L.Kilgore who wrote (14)9/9/1997 10:13:00 PM
From: John Soileau
   of 51
 
Hey,they returned my call today. The phone is now answered, "Armstong Companies". Got this info:

Big deal now is the prefeasibility. Should be out in January. Being done by Fluor Daniel Scott (the best, IMO).

Eager to do more explo drilling, but $ not avail just now. Need a
financing but reluctant to do stock at this level.

IR lady gone, sounds like to save $. Company staff doing it for now.

TSE listing still an objective, but not on front burner right now.

Bottom line, probably gonna be sleepy for months. Nice deposit though
and the prefeasibility study should heat things up.

That's all folks...

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To: John Soileau who wrote (15)9/10/1997 12:15:00 PM
From: L.Kilgore
   of 51
 
John, thanks for the info on SKN. Good of you to share this.
Sorry to hear about the IR lady. Hope she finds another job soon.

Will keep eye open for FDS prefeasibility study. Thanks again

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To: Sam Chong who wrote ()10/15/1997 9:45:00 PM
From: John Soileau
   of 51
 
Signs of life today?
John

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To: Sam Chong who wrote ()10/31/1997 7:33:00 PM
From: John Soileau
   of 51
 
News on Yahoo re: a mexican base metals project....but I want
action on the MAC! Gonna call next week
John

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To: John Soileau who wrote (18)11/3/1997 9:12:00 AM
From: Adjuster
   of 51
 
Thanks for the info.

Ed

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To: Adjuster who wrote (19)11/10/1997 10:05:00 PM
From: John Soileau
   of 51
 
They're drilling Mac again, started today. 4 holes planned; 2 are for
metallurgical testing by Fluor Daniel Wright, which is moving forward with pre-feasibility. The other 2 deep holes are on the Peak zone,
near the center of the volcanics. They want to know what's going on
deep in there. Shallower drilling of the Peak Zone has found less than ore grade, they want to find the source. They will be looking for a
million, poss from a JV partner, to pay for more drilling next year.
The results of the 2 deep holes may be out by Christmas.

They are interested in the Mex props, but definitely the Mac remains
the #1 property.

I got this from IR, found them very helpful.
John

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To: John Soileau who wrote (20)11/11/1997 12:35:00 PM
From: Adjuster
   of 51
 
Thanks very much for the update.

I get the realeases but I am puzzled why there is so little interest in the stock, when they have reported a one billion dollar value on the market value of molybdium reserves.

Ed

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To: Adjuster who wrote (21)12/5/1997 5:35:00 PM
From: John Soileau
   of 51
 
They are pretty non-promotional, that's one reason. Also, they
don't have deep pockets, so the deadly enemy --dilution-- is a fear.
Like Getty Copper, they have a great deposit but the magic ingredient, financing, isn't in the mix yet. Tax selling doesn't help either this time of year.
John

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To: John Soileau who wrote (22)12/8/1997 10:08:00 AM
From: Adjuster
   of 51
 
Thanks John:

It looks like all resource companies are in the same boat, although it looks good on a chart.

Ed

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