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Gold/Mining/Energy : Bema(Bgo) and Arizona Star
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To: John Soileau who wrote (7893)10/21/1997 3:10:00 PM
From: charred   of 10482
 
John, the CC deposit has defined gold reserves but is it minable. I am speculating that the Tres Cruzes deposit in Peru will be mined before the CC deposit and that the economics will be better. A stock is only worth what somebody is willing to pay for it. I use $50 per minable ounce which is an industry standard. A minable ounce is defined as: Can the company can make a profit on an ounce of gold? Also they have to weigh in the risks and ROI. That is the answer to your question. Are the gold reserves minable at CC. Maybe. If a major company thinks that the gold reserves can be mined at a profit then why haven't they been taken over.

I think Tres Cruzes has better potential to affect the bottom line of a major. I believe the CC deposit has a poor return on investment. The Besides, Tres Cruzes is hosted in the same geological formation as the Yanacocha and Piernia gold deposits. However as I said before, Bema should find a JV partner to complete the study. I feel the stock will be stable between 5 and 6 dollars for sometime.
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