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Ed Monton

01/17/03 3:19 PM

#45 RE: marcos #43

Just being lazy here, but can someone tell me whether there is still a payment outstanding to PlacerDome/Kennecott on the Salamandra property. Seems to me the payment schedule was tied to the price of gold.

Another related question: How will the new company be fixed for cash once the merger is complete.

Thanks,

tf