Subject: Rule 15c2-11
Author:  David Brett <cusac@uniserve.com> 
Date:    4/15/99 12:36 PM
     
     
     
Dear Sirs,
     
I have just been alerted to proposed changes that would affect our company.
     
Cusac Gold Mines Ltd. has been a public company since 1966, currently trades 
on the Toronto Stock Exchange, and has been a reporting company in the USA 
since 1980.  Cusac was on NASDAQ small cap for 18 years, but was forced off 
due to the new bid price rule.  It would appear that Rule 15c2-11 could 
further marginalize our shareholders.
     
I ask you to consider the plight of the some 5000 US residents that hold our 
stock when you make your decision.  These people bought our stock when it 
was on NASDAQ and don't deserve to be hurt by rules that could place them in 
the same position as those holding shares in companies that, by dint of your 
rules, are viewed as highly suspitious.
     
Cusac Gold Mines Ltd. has been doing its job maintaining disclosure and 
operating with integrity for many years and I don't think its fair that the 
market makers for our stock be penalized for supporting our honest efforts. 
Again, it is the small, individual shareholders that will be hurt, not 
helped by these changes.  
     
Cusac was mentioned in a Wall Street Journal article regarding the bid-price 
rule problem, and our small shareholders complaints were front and centre. 
The new rule would be adding insult to injury.
     
I thank you for your consideration.
     
David H. Brett
Vice President & Director