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Gold/Mining/Energy : BYG,T=GOLD$=P/Eof 5 ?

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To: CAM GIBB who wrote ()3/24/1997 12:05:00 AM
From: Gramps   of 12
 
BYG and its associates has every one wondering what is going on. No
promotion but really don't need it or want it as they are out to
make mines not speculators. Financing requirements may be a reason
for now as there is some big bucks needed to get all these deals
going and sustained. Seeing the big investors will probably have to
pay a premium they probasbly don't want the base price too high.
There is a board meeting on the 27th to plan the companies future
and a comprehensive CM Oliver report could also appear. I think this
will be the timing for things to heat up. Yes, I would agree that
these stocks would normally sell up to 20 times eps. Quite rediculous
right now.
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