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Gold/Mining/Energy : Southwestern Gold -- Ignore unavailable to you. Want to Upgrade?

To: Claude Cormier who wrote (102)	7/10/1999 11:46:00 AM
From: whisky	Respond to of 585

Claude I understand the difference between value and potential but Does value, not come out of potential, because in my books, you have no value unless you have potential. That is exactly what your basing your investment decisions on SWG about, is it not. As I said in an earlier post what is SWG producing right now. The answer nothing. Yes, they are in feasibility on the Accha, but as yet they are not in feasibility on the Poracota, as they are still trying to determine the size and grades on the project in Peru. Yes, they have done substantial drilling on the poracato, but have yet to go to feasibility, therefore potential, not real value. Therefore you are equating potential to value in this scenario, are you not. Therefore you must be basing your high opionion of SWG based on their potential. Value is decided by many factors, including cash, management, probable and potential new discoveries. Well if you believe the integrity of the management of SWG, then you must obviously believe the integrity of the management of GPJ when they tell you that they think the project will become a big winner. These were words from them, not me. I am the intermediary. Therefore the value of GPJ is in the Hoaya project and the management's statements to shareholders in private conversations. They think they can produce the Hoaya for under 150 bucks an ounce. Regardless of the price of gold that is still an excellent ROI. Should either the price of gold or the proven resource increase then it is even a bigger win. My question to you is have you recommended GPJ to your news letter subscribers? Because if you have then in my opinion you are being a hypocrite to the rest of the readers on this thread, as you are discounting the potential of the Hoaya project at least to the GPJ shareholders. Regardless, You have said that the price of GPJ is not undervalued and I take exception to that, based on the exploration and integrity of what management has said to me.