Yamana Resources INC. T- YRI Message Board

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Gold/Mining/Energy : Yamana Resources INC. T- YRI

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To: Peter who wrote (791)	12/17/1997 5:41:00 PM
From: Greg W. Taylor	Read Replies (2) of 2346

Peter: No. Far from the "biggest hope." Rather, you're hearing (reading) something which reflects what I understand you also believe: "If the worst situation has happened, don't panic. Because: 1. It is not healthy 2. Only staying calm can get you out of the problem." The biggest hope for Yamana is to find a major, high margin deposit. We are actively looking to do this in Santa Cruz Vanguardia, where we have evidence of significant gold and silver on several properties. At this moment, in this martket, this is our best shot. (Incidentally, after all of the "complaints" I've had about having too much diversity, surely this focus on Santa Cruz can be seen as positive by those who hate complicated stories.) In addition, we are looking for partners to help us to do it in a half dozen other places. We're also looking to raise money to allow us to do more work ourselves. We're doing as much as we can to fund our efforts so that we can find world class deposits. But when the market doesn't care about deposits of any size, you've got to be careful how you spend your limited supply of money looking for them. When things change in the market, they will likely change for us. I hope this helps. Greg

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