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Gold/Mining/Energy : Bema(Bgo) and Arizona Star
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To: Sergio R. Mejia who wrote (7922)10/22/1997 8:59:00 PM
From: Wayne  Read Replies (1) of 10482
 
Question? Why would any company who knows that the ore is not economic announce that the company is going to proceed to final feasisibility?

The prefeasibility was 10,000 pages by an independent co. Would MRDI stake their reputation on saying a mine is economic when crushing results would make this clearly not so. If the implication is that Bema is hiding this result, a reputable company like MRDI could not in all honesty make this report.

I read the RBDS analyst's report and he certainly made no mention of this crushing result. No pun intended.

I believe that there is some truth inasmuch as no one has stepped up to the plate as a white Knight to take over CC. There are other reasons that can account for this not the least of which is that the bargain driven by Bema is too steep now given 320+- gold. or that Bema truly has a JV partner and will build a world class co.

I for one am going to go to all lengths to force an explanation starting with faxes and many many phone calls to the office tonight and early and persistently tomorrow. I promise to post if I get any answers.

Others who have other analysts reports please share them as I and James have. The more information we all have the more informed decisions that can be made.

Wayne

Ps: the kind of conflicting evidence has been presented in the manner that a free exchange of information is suppossed to be done. freely and civily. Thanks James
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