ORI Omni Resources, TYG Trumpeter Yukon, AKA Arkona Res. Message Board

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Gold/Mining/Energy : ORI Omni Resources, TYG Trumpeter Yukon, AKA Arkona Res.

ORI 39.34

-0.3%

Nov 3 3:59 PM EST

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To: CLK who wrote (335)	12/20/1997 8:30:00 PM
From: Al Cern	Read Replies (1) of 444

CLK, I personally don't see BYG going bankrupt although I don't know their current cash position, which is the only thing that could put them under. They have no debt which is the Achille's heel of a lot of co.s If they did go under I would personally line up to buy the assets, and I know I would have a lot of company. I have been looking at a very broad range of companies in this sector, from majors to juniors, and short of Franco Nevada's, Ken Snyder mine which in 1999 is going to produce gold at $78/oz. (check out ther grades, about 1oz./ton), the rest are mainly pipe(no pun intended)dreams. The BYG play has the grades to produce economically, even at today's gold prices, the only question is the quantity (improved grades sure wouldn't hurt either). AKA and ORI are stuck in a tangled ownership web that would not see a lot of benefit from BYG's bankruptcy, certainly their production timetable would be set back. Sincerely, Al Cern

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