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Gold/Mining/Energy : Bema(Bgo) and Arizona Star
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To: Richard Mazzarella who wrote (18)8/13/1996 8:31:00 PM
From: Bruce Laur   of 10482
 
I don't pay much attention to p/e in gold co. because they can vary too much from one co. to another. The important thing is that they will have cash flow to put back into the ground and build larger reserves and ultimately a higher stock price with out dilution as in the case of non producers. The main advantage to bgo is that they now have cash coming in and a large stable of properties in the maricunga district. An anlyst report i read said bgo should move $0.47 for a $1.00 move in azs. So you are paying little for bgo's other properties.
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