Vista Gold (VGZ) Message Board

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Gold/Mining/Energy : Vista Gold (VGZ)

VGZ 1.760

-3.8%

Nov 14 9:30 AM EST

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To: Bucky Katt who wrote (39)	9/2/1997 8:52:00 PM
From: jim watson	of 379

I have a lot of questions about VGZ. How single-mindly will management pursue its plans to move to a mid-size producer? Adrian Day still rates VGZ as a buy, but he says the Bolvian mine is on hold. You don't see that in the VGZ reports on the web site. The March 13th report says the Amayapampa project should start construction in the 3rd quarter, but the July 22nd report says construction to start in 1998. The July report says that the project is workable with $340-350 oz gold. They also say 53 million construction cost, with 14 million for working capital. How likely is financing when the market cap of the whole company is, what, 60 million? The company production is hedged for a few more months at a profitable price, but as another poster said, what happens if gold goes below $300 oz and stays there? I must say I still have a buy in at 5/8 that has not filled, but I am only looking at this as a call on higher gold prices, not as a likely growth company. What does everyone else think? Am I being unrealistic?

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