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Gold/Mining/Energy : Bema(Bgo) and Arizona Star
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To: Ken Benes who wrote (8599)12/2/1997 6:58:00 PM
From: Terry Swift  Read Replies (2) of 10482
 
Ken:

I believe Bema will be one of the first and quickest to recover once we get a change in investment psychology and sentiment. It has huge proven reserves and is JV'd with a major that, I believe, will find more gold on the Aldebaran property. Most important, the ounces are all but financed and Bema is now on the radar screen of the major brokerage houses that follow Placer. Prior to the Placer deal, they had never heard of Bema gold. Well, Bema owns (will own) 49% of Placer's hottest, most-likely-to-find-gold property and it is ridiculously undervalued. When gold recovers and market sentiment changes, Bema is going to be followed by those major brokerage houses that now follow Placer and, I believe, it will head north in a hurry once market sentiment changes. Depending on what Placer finds on the Aldebaran property, Bema is gonna be a cheap proxy for Placer's new discoveries and production. I think it will benefit big time from its JV with Placer in terms of market awareness.

Terry
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