Yamana Resources INC. T- YRI Message Board

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Gold/Mining/Energy : Yamana Resources INC. T- YRI

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To: G who wrote (1877)	12/15/1998 9:46:00 PM
From: Mr. Oil	Read Replies (3) of 2346

No doubt G the market ain't listening to me. The fundamentals of YRI just got clearer but the market was hoping for more than the projected 10 m oz AG at Bacon as stated by Mr. Walters. It was looking for 50 m oz or more. Now it should be noted that his projection is still an estimate and likely a conservative one given the care YRI is taking to make sure results are accurate and not leaked prematurely. More drilling will be needed to get the whole picture. Then there is Lejano. I am hoping for a better showing there and I think results from the three different labs are being taken because YRI wants the real picture stated and reaffirmed. After data has been analyzed I believe we will see the size of the deposits at both of these places will be enlarged. Then there is Ciclon West. This is apparently a much larger anomaly which is being tested with the drill rigs now. Depending on those results, we may see YRI continue drilling there in hopes of finding a much richer and larger resource than either of Lejano or Bacon. My prediction! We are going to see prices much higher. There is an overhang of stock at around 1.30 due in part to the last special warrant issue. No doubt this dilution is being factored into the price now so that price is weak even with positive results...until the results become definitive, more significant and convincing. The good news is that Barrick and Black Hawk are in the area already so that any significant find will catch the attention of the majors and possibly precipitate a little...shhhuuu!...(wispered) buy out offer. Don't spread any false rumors. This is just me talking of the top of my head watching the ARP saga unfolding. Nice to see things are changing a little in the resource sector. That is where we are. Hanging in for the day in the sun. Ray

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