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Gold/Mining/Energy : Bema(Bgo) and Arizona Star

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To: Yen l. Ouyang who wrote (112)8/30/1996 9:41:00 AM
From: Jon Huang   of 10482
 
Yen,

I have been following AZS/BGO for quite a while now. In my opinion,
both stocks are oversold, especially in the case of AZS. I like
AZS much better than BGO. People just haven't realize the potential
of their property! For the size of their mine, it's kind of impossible to have 10g/ton Au everywhere. Low grade is to be expected. Bre-x only averaged something around 2.3g/ton in their Busang property and yet it still manages to have at least 50 million ounces of gold reserve.

Well, I guess some people are just unwilling to take this kind of volatility and sold off on the news. If you want to buy back into it, I strongly recommend buying AZS instead. Now it looks reasonably cheap compare to two days ago, right? In the case of choosing whether to buy BGO or AZS, it's the law of demand and supply! It takes millions of millions of shares to move BGO up an inch, but it only takes several thousand shars to move AZS trmendously. If you ever watched a real time quote server where there's the bid and ask lots, you'll know what I am talking about.

Good luck,

Jon
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