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Gold/Mining/Energy : Bolivar Goldfields (T.BVG) -- Ignore unavailable to you. Want to Upgrade?

To: Bobby Yellin who wrote (55)	12/3/1999 6:20:00 PM
From: Lynx	Respond to of 249

Gold might be down but its not out and profit for a company is always in and it seems to me this is a profitable company that is undervalued even without its shares of WV. There certainly is a lot of buying interest in WV and the company looks to have some qualified people to run it. I agree with you that the safer bet is BVG. Limited downside with great upside potential. Regards, Lynx

To: Bobby Yellin who wrote (55)	12/4/1999 12:14:00 AM
From: Claude Cormier	Read Replies (1) \| Respond to of 249

Hello Bobby, BVG really looks like a great situation. They are currently operating the TOMI mine at operating costs of US$125/ounce... DO you know if this is sustainable or is it low because they are curently mining high grade? For sure they have the reserves for more than 5 years, but I wonder what is their mining plan. If they can sustain US$125, at current gold prices, they would generate close to US$4.5-5M in cash flows per year..that would be $C7M per year or C$0.50 per share. That is nice... This WV thing is helping the picture for sure... the only problem is that at a market cap of $C115M... it looks overvalued... but what else is new... look at Certicom... the market cap is C$700M with last quarter revenu of only C$3M. Do you have any idea of WV revenu profile ? BVG may not be that much undervalued at current price, but as they pay their debt ( and if WV continue upward ) BVG stock will have no other way to go but up!! I better visit the WV thread!!!