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Gold/Mining/Energy : ATNA ( v.atn t.atn)
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To: George Castilarin who wrote (396)3/6/1999 5:47:00 PM
From: Kaiser Soza  Read Replies (1) of 509
 
Thanks for the recent post George. I find the markets analysis, or lack of it, regarding Atna and Expatriate quite interesting. Of course it is dangerous to think the market is stupid when the price of "our" stocks are less than we think they should be. The Expatriate release quoted Dr. Meade as saying there is $1.5 billion of metal value in the deposit(s), and we all know there is likely much more. Unlike almost every other junior explorer, ATN and EXR HAVE a deposit. The selenium is a problem, but one reason there is no current "fix" for it is because it is rare at these levels and there has not been any real effort put into finding a proper way to deal with it. I would think that the market would look at the Wolverine component of ATN and EXR as more of a technology play than a mining speculation. Biotech and Hi Tech companies raise hundreds of millions and trade at large market caps for "ideas" which will take many years to solve, and many will fail, however the market seems willing to "speculate" in these area's. I would hope that the powers that be with ATN and EXR will focus on the technological solution the selenium problem. It seems more productive to me than drilling more holes in a poor commodity market. Regards, Kaiser...
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