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Gold/Mining/Energy : ECM.VSE - El Callao Mining.
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To: yosi s who wrote (1126)2/5/1998 7:56:00 PM
From: John Soileau  Read Replies (1) of 1253
 
A mine at ECM would not be that expensive...something under 100 million. IMO Bema has enough cash, with potential additional stock issued, to put up the non-financed part of mine costs. BUT they seem reluctant to just jump into Venezuela. IR told me a while back that
Bema wants a major to blaze the way into that swamp, they will go in on coattails. Don't know how much sense that makes, but that's what they said. Placer Dome, anyone?
John
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