It's Our Turn For Silver

How do you own silver in the ground? You purchase stock in a debt-free junior mining or exploration company with great potential value. Please note that the novice investor should purchase physical silver before owning stock in any junior mineral exploration company. However, if you insist of investing in juniors, The O.T. (Our Turn) Mining Corporation appears to be one of the better prospects. It is my largest holding and is certainly worth exploring if you are not risk averse and own enough of the white (and/or yellow) metal, and want to include O.T. Mining stock in a well-balanced precious metals stock portfolio.

The President of O.T. Mining, James Hess, has wisely employed a group of professionals with worldwide mining experience and successes to their credits. Using the full spectrum of modern geology, geophysics and innovative geochemistry, they seek to provide extraordinary shareholder value by confirmation of base and precious metal resources with the intention of selling properties to mining companies better equipped to extract the metals. Currently, however, it is a non-drill proven project. The capital has been raised and weather conditions will dictate when drilling will begin on their first project, the Kit Carson. At the Ruby Property, 15-18 men are in the field surveying and doing a "Titan 24" ground geophysical survey. Mr. Hess tells me that the approximate drill target date is the last week in June, but most likely will be the first week in July. It's a great time to talk to Mr. Hess about his company before drill core assay results begin to come in. If results are as positive as work to date indicates, you can imagine what will happen to the share price and how often his phone will ring!

The O.T. Mining Corporation was incorporated in the State of Montana in 1980 as Ruby Resources of Montana Inc. In 1987 its name was changed to The O.T. Mining Corporation and it began trading publicly. At that time the property consisted of 5 patented and 22 unpatented mining claims (approximately 480 acres in the Lowland Mining District of Jefferson County, Montana). Today the company has 5 patented claims and 224 unpatented claims (approximately 8 square miles) with extensive target areas and indications of mineralized zones that could contain economic gold, silver, copper, lead and zinc. Mr. Hess believes, based on the geo-scientific indications, to date that the Ruby Property may contain ore potential equal to or exceeding that of its neighbour to the south, "The Richest Hill on Earth" and that Ruby Property alone may return the State of Montana to its predominance of base and precious metal wealth in the U.S.

The historic silver production from the Butte district "The Richest Hill on Earth" was 714,643,005 ounces from 1880 to 2000.

I recently asked Mr. Hess other important details about his company. Below are the questions and the replies:

What number of outstanding shares and fully diluted shares exist?

As of 31/12/03 issued and outstanding shares - 6,823,399 fully diluted - 9,334,056.

As of 15/5/04 subsequent to the private placement, issued and outstanding shares - 8,478,399 fully diluted - 12,644,056

What is the share float ?

Approximately 5,000,000 shares are free trading

**Outstanding shares -- The number of shares issued and outstanding (not options or warrants.)
**Fully diluted shares -- Includes all the options and warrants.
**Float -- The number of free trading shares not owned by the company and not sale restricted.

Ninety percent of the shareholders listed in 1990 still hold their stock so it is very thinly traded. Recently, 250 shares traded and the share price was up 17%. And until the recent private placement, Jim Hess personally knew most of the shareholders.

Though mined irregularly until 1912, the Ruby Mine, that forms only a very small part of the present Ruby Property, was found to hold four very rich 'bonanza' ore shoots. According to old records, about 200,000 tons of ore was removed from the Ruby between 1885 and 1912 and averaged 2.44 ounces of gold and 38.66 ounces of silver per ton. The operators mined ore from the surface to depths of 300 to 350 feet. Shaft mining of the "bonanza" ore shoots ceased in 1912 due to the methods used. In 1914, the last miner began a horizontal adit cross-cut at the 600-foot level of the mountain to intersect the ore shoots at greater depth. This effort ceased in 1917 at 217 feet into the mountain when the operator ran out of money. Work resumed in 1966, and the adit cross-cut was (extended to) driven to 3,100 feet. While missing the target by an estimated 200 feet, a new lead zinc zone was intersected. A 193-ton bulk sample returned 1.33% copper, 5.19% zinc, 7.6 % lead and 4.3 ounces of silver per ton.

Further, O.T. Mining purchased a mill with property consisting of approximately 24 acres, for $300,000 in March of 1988. A portion of the purchase price ($192,550) included the price of the land and property rights. The mill and property are located near the Ruby Property in Jefferson County, Montana and include a laboratory, garage and repair shop and offices. Management estimates the replacement cost of this building alone exceeds the overall purchase price. The mill itself may be used to process very high grade silver and gold ore and for bulk ton ore grade testing.

In addition to the Ruby Property, The O.T. Mining Corporation owns 17.4% of NAMEX Explorations Inc. Old exploration records and Namex's due diligence sampling, i.e. mobile metal ion soil geochemical surveys and grab sample/outcrop assays, have confirmed the presence of copper, zinc, nickel, gold, silver and the platinum group metals on the Namex properties. A drilling program was scheduled to begin on its Post Creek property the 9th of June. Namex has recently announced the acquisition of the Wilder Silver/Cobalt property about 200 miles north of Sudbury. Prompting this acquisition is the properties location in a silver lode mining district and silver assays on the property of up to 1,400 ounces per ton.

The future looks bright for the continuation of the silver bull market so it's a great time for junior mining and exploration companies. That guy in the Oval Office nominated Greenspan for a fifth term by issuing a statement that the U.S. economy is growing at the fastest rate in two decades. Do you believe him? It can only be true if you consider the countless paper dollars printed to pay for the Iraq invasion and occupation! So take some of that inflated paper and diversify into physical silver then juniors. Be one of the smart ones and don't let the inflationary path he and Greenspan have chosen affect you. The Ruby Property could be sitting on hundreds of millions of ounces of silver and the wonderful bonus of metals that have recently been enjoying increased demand. So if you need to add to an already diversified portfolio, please contact O.T. Mining's friendly president, James W. Hess.

Telephone # (514) 935-2445. He welcomes any calls to discuss the topic of this article.. Additional information is on their website, www.otmining.com . If you would like to see an interview with Mr. Hess, click on the IDNR-TV banner at the top of O.T.'s home page or go directly to www.resourceschannel.com. If you do not have internet access or a high speed connection, O.T. Mining is willing to send you a CD Rom or a VHS tape of the interview.

I own stock in the O.T. Mining Corporation but am not being paid by them to write this article and share my personal research. . I am not an investment professional. The information contained herein is accurate to the best of my knowledge. With any investment exercise extreme caution and do your own research.