All:

I am in the process of communicating with some of my associates with contacts in Mexico and other parts of Central America. I am preparing a report, but have been working in the E.R. quite a bit over the past few days and have not devoted the time necessary to the task. I must tell you that my initial investigations have revealed little to be concerned about involving the potential nationalization of mining resources in Mexico and especially in the Sierra Madre region any time in the foreseeable future. I have also been researching the history of the Mexican revolution and subsequent expulsion of foreign mining operations in the country that occurred in its wake, and I must also say that I have little fear that something of that nature is likely to occur anytime soon either. I will do a more lengthly write up in the future. Bull