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Gold/Mining/Energy : Precious and Base Metal Investing

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To: Squidman who wrote (13351)	7/2/2003 8:52:23 PM
From: que seria	of 39344

squidman, Michael re: Bema and IMA Exploration: I more than doubled my Bema position today on those results and the chart, so it's positioned to later replace GG as a producer/trading vehicle. The location and BGO's market cap are probably alone enough to keep a lid on price. I think of it as the greater weight of buying power being in a "show me" posture. I bought today in anticipation of what those (and more such) intercepts will mean for a later resource calculation. Compare these to, say, MNG's. May be apples to oranges, but to me upside with BGO outweighs the inherent political risk. I try to keep risk in perspective in a dangerous world--it's not as though they're in California or a comparably hostile jurisdiction. I have a good position in IMR.V, although I lightened the IRA part of it on the runup because (if I recall correctly) drilling will not occur before the end of September, after the Argentine winter, and I've been expecting a PM relapse before then. AGD.TO has gone down lately, on very light volume, despite a nicely-shaping-up deposit in French Guyana.

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