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Gold/Mining/Energy : ORI Omni Resources, TYG Trumpeter Yukon, AKA Arkona Res.
ORI 39.71+0.9%12:54 PM EST
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To: Gramps who wrote (338)1/4/1998 10:26:00 AM
From: Al Cern  Read Replies (1) of 444
 
Gramps,

Happy New Year to you too. The purported activities of the last several weeks sure leave a lot of unanswered questions. I will try to find out what is happening next week. Based on what has been said I can't see an amalgamation taking place in the near future. BYG does not need any further share dilution, without an increase in earnings. It is too soon to include any kind of numbers from a Whitehorse mill, that is at leqst two years away. With 55,000,000 shares out there BYG has to start showing good numbers from Mt. Nansen. Hopefully they are planning on running the mill 24hrs./day, 365 days a year. This would really help, but it also involves installing the CIL process for sulphide processing, and finding more economic reserves. Unfortunately, it is never simple, although a higher gold price would sure be a simple remedy for their woes. I guess you missed the AKA meeting, but then again what new would they have to say. Based on the model that they are working with, 1,000,000 oz.s+ of gold in the Goddell does not seem unreasonable. I'm getting my pickaxe and flashlight ready.

Wishing you a healthy, happy and prosperous New Year.

Sincerely,

Al Cern
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