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Gold/Mining/Energy : Bema(Bgo) and Arizona Star

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To: IngotWeTrust who wrote (8631)	12/8/1997 8:28:00 AM
From: John Soileau	of 10482

When he referred to 30 million oz a year ago, he was not speaking feasibility-study ounces. You are not a "newbie" and certainly know this. Every junior CEO (including your "rave fave" Welch of Bre-X) makes resource estimates; ounces once the mine is designed, cutoffs are determined, etc. are going to be south of that. In addition, the 30 million # was a projection if you recall. Neither the resource nor the mineable ounces have been finally determined yet. John

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