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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: BSGrinder who wrote (145931)1/24/2002 6:06:07 PM
From: Earlie  Read Replies (1) of 436258
 
BSG:

I see it as one of the best risk/reward situations in the gold sector.

Positives:

Very large and fully sanctioned gold deposit, good geology, inexpensive labour, and a government that wants the project to go forward. All the big miners now on the hunt for reserves to buy or joint venture. Big upward pressures on physical gold. A price (per ounce) that is remarkably cheap.

Negatives:

Located in Columbia, which has its share of internal stability problems (although there has been much improvement of late). GSL isn't big enough to raise the dough to bring it into production by itself.

What has me thinking that patience might be rewarded soon, is that several consequential players have been showing up for discussions of late. As noted earlier, I would suspect that they are not talking about the weather.

Can't find another junior that has the appeal this one does, although there are lots of good ones out there from which to choose.

Best, Earlie
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