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Gold/Mining/Energy : Anyone follow Stilfontein Gold Mining?
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To: Ray DeMoss who wrote (10)4/16/1997 9:59:00 PM
From: Dale Schwartzenhauer   of 21
 
Ray: If you're interested in exploration stocks, you should take a look at Blue Desert Mining (BDE-ASE), www.bluedesert.com, as well as a couple of threads here. They are starting exploration on a large copper/gold porphyry in Chile, on the same north-south line as Bema's Cerro Casale deposit (24 million ozs Au, 8 billion lbs Cu), so they're in the right country. Management feels one zone could host 500 million tons grading 0.5% - 1% Cu, with the potential for a richer oxide deposit near surface. They have 2 other properties as well and are in the process of additional acquisitions. BDE has 5.5 million shares out, and is pretty tightly held. It is also well off the highs of last year, when many of these issues exploded upward.

Dale
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