ECM.VSE - El Callao Mining. Message Board

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

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To: grampa who wrote (1048)	11/21/1997 8:04:00 AM
From: John Soileau	Read Replies (2) of 1253

Something else he said might be of interest. He indicated that BGO is "waiting to see" what happens with PDG/Crystallex. He said a major is needed to blaze the trail (politically)in Venezuela, Bema cannot do it. It was clear Bema earnestly wants PDG to win the dispute and proceed with a high profile mine down there, easier for Bema to go in behind them. This worries me some, since I don't know the answer to the question, what if KRY wins? What will Bema do in Venezuela then? Several weeks ago I spoke with Andrea Bell about ECM and she said before the CC deep hole revealed that monster, Bema considered the Lo Incredible a "company maker" deposit. Of course CC has consumed massive attention and resources since. Once the Placer deal closes though, CC is on autopilot and my bet is that Lo Incredible again trots out on center stage. Can you believe the market is valuing ECM's 2 mill oz. resource at a fully diluted market cap of US$15.2 million? Isn't that $7.63/oz in the ground? Amazing. John

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