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Gold/Mining/Energy : Gold and Silver Mining Stocks

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To: Ptaskmaster who started this subject	2/8/2002 2:48:14 PM
From: Pete	Read Replies (2) of 4051

YWO.CDNX is a junior resource company that Newmont has a deal with- I own some shares of YWO- In fact they just paid Newmont $500,000.00 to back out of the deal so that they could joint venture with another gold producing company, Bema Gold (BGO.TSE) (Newmont keeps a NSR) Bema has signed an option on YWO's Monument Bay property, they have to spend $6 million to earn 70%. Bema's technical team thinks Monument Bay has an excellent chance of becoming a high grade gold deposit!! (From their news release) "Bema has recently signed an option with Wolfden Resources Inc. ("Wolfden") to earn up to 70% of the Monument Bay property. Bema's technical team believes that the Monument Bay property has excellent potential to host a high-grade gold deposit. This acquisition is consistent with Bema's policy of exploring and developing high-grade projects that have the potential to generate strong cash flow at to-day's mineral prices. In keeping with this policy, Bema recently commenced production at the high-grade Julietta gold and silver mine in far-east Russia."

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