Thai Guru's Gold und Silber ... (Informationen und Vermutungen)

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Eichel äußert sich vorsichtiger zu deutscher Konjunktur

Dienstag 30 März, 2004 16:56 CET

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http://www.reuters.de/newsPack…oryID=485773&section=news

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IWF warnt vor Spekulationsblase am Anleihemarkt

Trotz möglicher EZB-Zinssenkung droht ein Ausverkauf - Inflation wird zum Dreh- und Angelpunkt

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http://www.welt.de/data/2004/03/31/258683.html

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Deutsche Konjunktur hängt durch

30. März 2004, 16:30

Bisher fehlte es nur an Schwung, aber jetzt steht sogar die Aufwärtsbewegung in Frage. Der Handelsblatt-Frühindikator ist im April gesunken. Er signalisiert damit das vorläufige Ende aller Hoffnungen auf eine baldige Konjunkturerholung in Deutschland.

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http://www.handelsblatt.com/ps…8/SH/0/depot/0/index.html

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http://www.themoscowtimes.com/stories/2004/03/31/048.html

Wednesday, Mar. 31, 2004. Page 7

Britain's Highland Is Hunting for More Far East Gold Mines

Reuters Highland Gold Mining wants to buy gold assets in the Far East and possibly Kazakhstan as part of its expansion in one of the world's biggest undeveloped gold fields, its head said on Tuesday.

Peter Daresbury, executive chairman of London-listed Highland, said he hoped to announce more details later this year.

Zitat

"We are looking at the whole of Russia and the former [Soviet] countries," he said. "We have the best contacts in the Far East in Russia. That's probably where we'll be prioritizing."

Highland, whose share price has risen by a third in the past year, has spearheaded a fresh wave of Western investment in Russian gold after the political and economic chaos of the post-Soviet years squeezed out many foreign firms.

Daresbury said Highland was considering opportunities in gold-rich Central Asian states, including Kazakhstan. "We've certainly highlighted opportunities in that and are making progress towards that." He would not elaborate.

Highland's biggest project in Russia, Mnogovershinnoye, is expected to produce about six tons of gold this year. Highland has said start of production at the Darasun mine would boost total gold output to 7.2 tons this year.

Industry sources in Kazakhstan have said the management of the huge Vasilkovskoye mine in the north of the Central Asian state was in talks with an undisclosed British company on a possible sale of certain assets.

Highland's Novoshirokinskoye mine is expected to open in 2005. The giant Maiskoye deposit is due to launch production in 2006 and contribute another 5.6 tons to total output.

Highland's shareholders include Canada's Barrick Gold Corp and Britain's Fleming Family Fund & Partners. Mnogovershinnoye previously belonged to billionaire Roman Abramovich. The head of Highland's Russian operations, Ivan Koulakov, is a former member of the board of directors of Sibneft, an oil company backed by Abramovich.

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http://biz.yahoo.com/e/040330/almi.ob10ksb.html

Form 10KSB for ATLAS MINING CO

-------------------------------------------------------------------------------

30-Mar-2004

Annual Report

ITEM 6. MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATIONS

Our discussion and analysis of our financial condition and results of operations are based upon our financial statements, which have been prepared in accordance with accounting principles generally accepted in the United States. The preparation of these financial statements requires us to make estimates and judgments that affect the reported amounts of assets, liabilities, revenues and expenses. On an on-going basis, we evaluate our estimates based on historical experience and various other assumptions that are believed to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. Actual results may differ from these estimates under different assumptions or conditions.

We are a natural resources company engaged in the acquisition and exploration of our resource properties in the states of Idaho and Utah. We also provide contract mining services and specialized civil construction services for mine operators, exploration companies and the construction and natural resource industries through our trade name "Atlas Fausett Contracting."

Currently, our primary source of revenue is generated by our Atlas Fausett Contracting operations. However, we also have exploration targets and timber.

CONTRACT MINING

Our contract mining normally generates 80% of our revenues. This may decrease as we are able to increase operations on our owned properties, and we will adjust our resources accordingly. At this time, we anticipate that our contracting will generate no less than approximately 50% of our revenues.

PROPERTY EXPLORATION

We are currently considered an exploration company. Our efforts in exploration are dependent upon the available funds we can raise to pursue our exploration efforts. During 2003 we had exploration expenses amounting to $51,140. We have no assurances that our exploration will result in proving any commercially viable deposits. We realize that additional steps will need to be taken to move from an exploration stage to a development or productions stage.

The majority of our exploration has been at the Dragon Mine in Juab County, Utah. We have furnished samples of the halloysite clay extracted from this property to potential buyers and distributors. The preliminary results of these samples have been favorable, although we have not yet received any firm commitments; we have received non binding letters of intent from potential buyers. It is our intent to move into the development and productions stage of this property.

TIMBER

We will continue to harvest timber on our property. Timber harvesting will be dependent upon lumber prices and weather.

FISCAL YEAR ENDED DECEMBER 31, 2003 COMPARED TO FISCAL YEAR ENDED DECEMBER 31, 2002.

Our operations for the period ended December 31, 2003, and the period ended December 31, 2002 consisted mostly of our contracting work, logging income and some exploration activities.

REVENUES

Our total revenues for the period ending December 31, 2003 were $304,851, compared to $403,586 for the period ending December 31, 2002, resulting in a 24% decrease from the same period the previous fiscal year. The reason for this is due to fewer revenues received in 2003 from logging activities. Our contract mining revenue for the period ending December 31, 2003 was $298,707 compared to $284,196 for the period ended December 31, 2002, or an increase of 5%. Our timber revenue for the period ending December 31, 2003 was $3,955, compared to $116,048 for the same period ended December 31, 2002, which is a 97% decrease from 2002 to 2003. We logged less in 2003 because the lumber mills were paying less for logs during part of the year, and the high fire danger limited our activities in the forest.

GROSS PROFIT

Our Gross profit for the year ended December 31, 2003 was $(30,253) compared to $103,356 for the year ended December 31, 2002. This is a 129% decrease from the previous year. The main reason for this was the lack of timber revenues ($112,093 less) in 2003, compared to 2002, and some higher direct expenses in 2003 compared to 2002.

GENERAL AND ADMINISTRATIVE EXPENDITURES

Our general and administrative expenditures for the period ending December 31, 2003 were $1,255,182, which is A 63% increase from the same period the previous fiscal year. The reason for this is attributable to additional costs in 2003 not incurred in 2002 of $466,737 in professional and fees, and $156,681 in advertising expenses. In 2003 we finalized our payments to the SEC attorneys for the completed registration statements.

CAPITAL EXPENDITURES

We had no capital expenditures for the period ending December 31, 2003 and December 31, 2002.

INTEREST PAYMENTS

Our interest payments for the period ending December 31, 2003 were $91,337, which is a 55% decrease from the same period the previous fiscal year. The reason for this is due to regulatory closure and subsequent bankruptcy of American Mortgage, our major creditor, resulting in our suspension of payments pending settlement of the debts.

EXPLORATION EXPENDITURES

Our exploration expenses for the period ending December 31, 2003 was $51,140 compared to $48,280 for the previous fiscal year, which is a 6% increase from the same period the previous fiscal year. These expenses were incurred at the Dragon Mine, in Juab County, Utah, where we completed a small diamond drilling program in 2003.

NET PROFIT (LOSS)

Our net losses for the period ending December 31, 2003, ($1,382,038), is a 94% increase over the same period the previous fiscal year. The reason for this is attributed to less revenue in 2003 than in 2002 ($98,735 less), and additional general and administrative expenses in 2003 ($483,349 more).

LIQUIDITY AND CAPITAL RESOURCES

To date our activities have been financed primarily through the sale of equity securities, borrowings, and revenues from Atlas Fausett Contracting and logging operations. We intend to continue pursuing contracting work and to log our timber properties to help pay for our operations. In 2003 and 2002 the contracting work accounted for about 98% and 70% of the total revenues respectively. We have also borrowed from various sources to finance our activities. Our current debt structure is explained below.

We have a note payable to William Jacobson, an officer and director, which is payable on demand and bearing no interest. The proceeds of this obligation were used for general working capital. The current amount due as of December 31, 2003 is $70,829. We have an unsecured line of credit with Textron Financial at an interest rate of prime plus 6%. The balance of the line of credit at December 31, 2003 and 2002 was $23,094 and $28,024, respectively. The funds were used for general working capital. Accounts payable due as of December 31, 2003 were $214,855 and are the result of daily operations and taxes owed.

We have a note payable to Moss Adams, LLP, an accounting firm, for $53,250 due in monthly payments of $1,000 with a balloon payment due at maturity. The note matured on August 16, 2002. We have negotiated the terms of repayment, and can pay this debt for approximately 50% of the value. The note was for accounting services provided to us in 1999 and 2000. As of December 31, 2003 our current balance, including interest is $70,734. We have notes in the amount $552,300 payable to American National Mortgage due in monthly installments for interest and fees of $18,743.79, maturing on May 31, 2003, and secured by property in northern Idaho. American Mortgage has filed bankruptcy, and we are negotiating a settlement on this debt. We also have a note payable to CLS Mortgage Company, due in monthly installments of $1,614, including interest at 16%. The note has a current balance of $119,236, and is due in August 2005, secured by the proceeds of our logging activities and collateralized by land and a building on our property in northern Idaho.

Our principal sources of cash flow are from our timber properties, which averaged $330 per month in fiscal year 2003 and $9,600 per month in 2002, and our contract mining, which averaged $24,892 per month in fiscal year 2003 and $23,680 in 2002. In addition, we also rely on our credit facilities and any public or private equity issuances we may conduct in the future.

Cash flow from financing activities for the fiscal year ended December 31, 2003 was $593,498 compared to $593,992 for the same period in 2002, a difference of $494.

The Company realized a use of funds of ($45,431) from investing activities for the fiscal year ended December 31, 2003, compared to ($31,307) for the same period in 2002, a difference of $14,124. The main difference attributed to the sale of investments during 2003 of $10,503 compared to $1.538 for the same period ended December 31, 2002.

Cash flow from operating activities for the fiscal year ended December 31, 2003, was ($546,589) compared to ($557,439) for the same period in 2002, a difference of $10,850. The Company had greater operating losses in 2003 because of the lack of revenues and accumulated more costs in the company's efforts to complete SEC filings.

As of April 1, 2003, we rent office space at 630 E. Mullan Avenue in Osburn, Idaho for $300 per month, on a month-to-month basis from the Mcgillvray Environmental.

If we do not reduce any of this debt from proceeds of our offering, if we do not renegotiate any of this debt or if repayment is demanded, we would be obligated to pay an average of $80,256 per month or $963,080 for the next fiscal year.

In anticipation of the cash needs for the upcoming year, we have completed an SB-2 filing with the Securities and Exchange Commission. This filing was first approved in July 2002, revised and approved again in February 2003. Under the revised application, the company was able to sell up to 10,000,000 shares of common stock at a price of $0.10 per share. These shares have been sold and the company carries a subscription receivable as of December 31, 2003 for uncollected proceeds of $524,700.

During 2003 the company entered into an agreement with a group to acquire $2 million in financing through a restricted common stock sale and a convertible note. The group has funded $250,000, however, it did not complete its commitment. The company issued 2.5 million shares of restricted stock on March 31, 2003.

We will need to obtain additional funding to pursue our business strategy during the next fiscal year. At the present time, we anticipate seeking additional funding through additional private placements, joint venture agreements, production financing, and/or pre-sale loans, although we have no plans to conduct any of these activities at this time. Our inability to raise additional capital to fund operations through the remainder of this year and through the next fiscal year could have a detrimental effect on our ability to pursue our business plan, and possibly our ability to continue as a going concern.

In anticipation of the above funding sources, we have attempted to satisfy our debts through a negotiated settlement, and/or ask for extended terms until we can become more profitable. We cannot assure you that any of these events will occur or, if they do occur, when they will occur.

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