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Gold/Mining/Energy : Pegasus Gold (PGU) hits 52 week low
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To: Michael Bidder who wrote (42)11/21/1997 3:55:00 PM
From: Dale Schwartzenhauer  Read Replies (2) of 199
 
You're not alone, often times, IR is the last to know about financial details. The new property is a 1 million oz deposit with a feasibility study completed by Santa Fe prior to the takeover by Newmont; it just isn't large enough for Newmont's taste. The adjoining property has another 270,000 ozs with potential for a million in mineralized pipes, and possibly several million in deeper skarn deposits. If you want to spec. on the neighbor, let me know.

Dale
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