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

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To: Lorne Larson who wrote (8093)10/28/1997 6:39:00 PM
From: Terry Swift  Read Replies (1) of 10482
 
Lorne:

Anyone who thinks Placer didn't do enough DD to know CC will be a mine is really out in la-la land. For $60 million Placer knows damn well what's there and that it will be mine. They want 2 years to do the feasibility study so they can make Aldebaran look like swiss cheese before they put together their mine model and feasibility study. It may well include more than the CC deposit. IMO, Placer is gonna drill up Aldebaran and construct a multi-mine complex with CC as the hub. They have an additional agenda here. P&P of majors are valued much higher than P&P of juniors. The more ozs Placer can move into the P&P category to be mined, the more it boosts their stock value. Don't kid yourself, CC will be a mine as will a few other sites on the Aldebaran property.

Terry
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