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Gold/Mining/Energy : BALACLAVA MINING (BIL.V)
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To: stockclub who wrote (78)8/19/1998 3:42:00 PM
From: Tom Harper  Read Replies (1) of 139
 
Just a word of caution...

I hear the newsletter writers are anticipating that el coracon may yield 3,000,000 oz or more.Just remember that there are numerous deposits all over the world already proven to exist which are being valued by the marketplace at a measly $2-$3 per ounce.

Sadly, that means BIL already discounts a discovery of this magnitude.(I'm assuming 15MM shares fully diluted).The share price might get to $1.50 or a bit higher, but realistically , in this kind of market environment don't expect much more.

Now if they can found 10,000,000 oz......
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