Pegasus Gold (PGU) hits 52 week low Message Board

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Gold/Mining/Energy : Pegasus Gold (PGU) hits 52 week low

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To: Michael Bidder who wrote (50)	11/24/1997 2:35:00 PM
From: Dale Schwartzenhauer	Read Replies (1) of 199

The new deal cannot be discussed because it hasn't been announced. The terms may also become more favorable in light of recent events. As I understand it the legal departments are working out the details. My current interest in Pegasus is really more related to the possibility of a J-V on claims adjoining the one million ounce deposit. That means we want to see them survive for the benefit of future development. The neighboring company has no appreciable debt and minimal overhead, so the survivabilty factor is strong. Also, at C$0.08 per share, the downside is limited. Dale

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