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Gold/Mining/Energy : Int'l Pursuit (T.IPJ)
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To: Ron Everest who wrote (527)2/11/1998 12:45:00 PM
From: Greg W. Taylor  Read Replies (2) of 835
 
Ron:

I just want to note for the record that we are saying little about Kalimantan for the same reason we, and almost everyone else, has been saying little about it for many months now: fear and loathing in the market. I hope this situation is changing. It seems to be starting. But I'd just like to remind:
a) we were there before Bre-X became flavour of the month;
b) we were there because the area is prospective and precious-metals rich;
c) Barrick has moved out of everywhere in Indonesia EXCEPT our project; and,
d) Barrick is still there and we are there based on what we have seen geologically.

Nothing mysterious or nefarious. (No, I'm not saying we are sitting on an elephant. It's too early to say THAT.)

But just to correct the record.

Greg Taylor
VP Corporate Development
Yamana Resources Inc.
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