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Gold/Mining/Energy : Bearcat (BEA-C) & Stampede (STF-C)

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To: Jim P who wrote (283)2/20/1998 2:35:00 AM
From: Dale Schwartzenhauer   of 2306
 
The truth is, RCP is more hype than reality. They have about 10% the land position of BEA et al, are not currently drilling, and are unlikely to acquire more land in the high stakes bidding. This is like a company on the outer edge of the big Hemlo discoveries several years ago. They made a flash in the pan, but they didn't have the goods to prove it. RCP may have pretty good holdings--such as they are--but they don't have the large contiguous acreage to make a field. Thus, IMHO, they aren't a serious player. Otherwise, everything sounds positive in the play.

Dale
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