A squeeze to please, seen from Australia


10:40p EDT Friday, October 1, 1999

Dear Friend of GATA and Gold:

Here's a wonderful letter received today by GATA
Chairman Bill Murphy from Ron Manners, chairman of
Croesus Mining NL in Australia.

Gold Anti-Trust Action Committee Inc.

* * *

Dear Bill:

I am chairman of an Australian listed gold miner,
Croesus Mining NL, and have been watching your group's
activities for some time.

Congratulations on being about the only informed group
to "get it right" with respect to the gold price surge.

I had the good fortune to refer to your comments in my
chairman's address, released to our shareholders early
last week), and I think it was the first time I had
seen an interactive link used as a reference in an
Australian gold mining company chairman's address.

I have also included the following comments about
www.lemetropolecafe.com with a links page for my own
private foundation web site, which should be up and
running by mid next week:

"The only 'gold site' that seems to have correctly
predicted the September 1999 gold price upturn.
Fascinating viewing for observers of the precious

Please keep up the good work.

I can tell that we both look forward to an enjoyable
gold season.

Sincere regards,

Ron Manners, Chairman
Croesus Mining NL