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Gold/Mining/Energy : KOB.TO - East Lost Hills & GSJB joint venture

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To: Salt'n'Peppa who wrote (136)10/27/1998 11:51:00 AM
From: johnlag  Read Replies (1) of 15703
 
Rick,

I wasn't trying to downplay the potential of PYR at all. If ELH is successful, the PYR would be in for a huge run.

I look at it as a heirarchy - or food chain. Of the participants involved (Mostly public Canadian based producers), Canadian investors or those interested in participating are more comfortable buying the larger cap TSE listed issues, for risk avoidance and comfort. I have most certainly seen bias against VSE listed issues more often than not - OTC:BB fall into this black sheep category as well, further scrutinized even than VSE. Buying comes in to the spec issues only after the higher quality leaders have shown fair value, or as a result of promotion. :)

With regards to drilling - Stanford (check SOG thread) released news yesterday that the well was at 17,450 feet, drilling to anticipated 18,500. The rumours you're hearing are premature. I think patience is the true virtue with regards to this play! ENCOURAGING, though.... The target formation should communicate some idea as to how things are working out - usually having some effect on the market. As soon as Thursday or Friday is my guess.

How much stock is out on PYR (is this available data?), we should do an impact valuation on stock price/reserves with regards to the juniors involved here... KOB, SOG, HTP, PYR.

John

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