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Gold/Mining/Energy : Vista Gold (VGZ)

VGZ 1.780

+8.2%

Nov 10 3:59 PM EST

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To: Jay Anderson who wrote (195)	5/13/1998 2:42:00 PM
From: Richard Mazzarella	Read Replies (2) of 379

Jay, I don't know, I would need a current 20f to figure that out. Irrespective of hedging, even if the cost doesn't include other expenses, it's in the $0.02+/share range. The important point is that this is an excellent highly leveraged play on POG. The current mining cost shows they can survive in poor times with the gold hedgers, but will fly when POG goes up. Can anybody out there answer Jay's question?

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