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Gold/Mining/Energy : KOB.TO - East Lost Hills & GSJB joint venture -- Ignore unavailable to you. Want to Upgrade?

To: Stocker who wrote (5080)	9/21/1999 1:10:00 PM
From: F9driver	Respond to of 15703

Despite todays action I believe the real risk was prior to the blow-out. I did not buy until after I knew they had hit something big. Investment began then. Prior to that it was a big speculation regardless of how cheap these stocks were. The odds have now changed and all the new prospects odds have improved. You would have to have unbelivably contrary luck to strike-out on all the follow on wells and jeopardize materially these stocks prices. Unlike mining stocks that require $200 mill. mills, expensive labor and higher commodity prices,this return on investment is pretty quick and straight forward.