ECM.VSE - El Callao Mining. Message Board

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Gold/Mining/Energy : ECM.VSE - El Callao Mining.

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To: Lalit Jain who wrote (1151)	5/9/1998 12:17:00 PM
From: John Soileau	Read Replies (1) of 1253

Lalit, I think it will respond to events in Vz at least as much as to the price of gold. IMO the deposit will be low-cost, so will look OK even with anemic gold (but we will see more when the study is released, hopefully before too long). Bema has said that they will "wait and see" what happens with Las Christinas before doing a big commitment in Vz. So we may get some fallout (positive I hope) when the KRY v. Placer decision comes out. They also told me FWIW that they thought of Lo Incredible as a "company-maker" deposit before the big surprise at Cerro Casale grabbed center stage. I'll believe what they say when I see it, but am willing to buy cheap and wait this one out. BTW, there was a 40,000 trade Friday AM, after the 60,000 trade at the close Thursday. Anyone know who did them? John

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