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Gold/Mining/Energy : GEOMAQUE
GEO 15.22+4.4%4:00 PM EST

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To: Claude Cormier who wrote (152)2/7/2000 8:52:00 AM
From: ogi   of 260
 
Claude I still think , now more than ever, that there may be an opportunity for GEO to hedge what they are loading on the pad at San Francisco for the next six mos.( I crudely estimate this to be approx 50-60,000 ozs) This would greatly improve their cash flow leave the rest of the lower grade deposit to benefit from any increase in POG AND open a new more profitable mine that is totally unhedged and the company still debt free. If you are talking to J.Patterson could you explore this discussion with him or is my thinking unrealistic? Thanks Claude and good to see POG is up in Asia.
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