ECM.VSE - El Callao Mining. Message Board

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Gold/Mining/Energy : ECM.VSE - El Callao Mining.

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To: virginijus poshkus who wrote (1016)	10/31/1997 7:27:00 PM
From: John Soileau	Read Replies (1) of 1253

Everyone is asking that question, I'd sure love to know the answer. I agree that sacking Richer and Clive-man would be helpful, mainly to clear the air and give the unhappy shareholders a bone. Who needs em anyway, now that PD will do the lifting on Aldebaran? Do you realize that PD's mandatory commitment to spend on Aldebaran, excluding the stock they are purchasing, is $50 mill US, and their projected 1997 earnings is $56 mill US? PD is not stupid and a year's earnings is not "chump change", especially when they have shareholders to account to. That investment tells me that PD thinks Aldebaran is a big sweet series of deposits. Maybe a mini-Grasberg when all the cards are played--lowgrade copper and gold, huge as hell, and economic. But a while in coming. Anyway, for kicks, predict the ECM buyout price. I'll start: C$1.81 John

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