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

To: TrueScouse who wrote (156)	5/17/2000 3:49:00 PM
From: Claude Cormier	Read Replies (1) \| Respond to of 260

<<Am I missing something here!?! Other than the general state of the market, do you know of any reason why GEO is so cheap?>> Howy, Basically there is no demand for value plays in the mining sector. It is really hard to sell a good story. GEO should have cash flows of $0.15++/share in the first year after Vueltas startup... (assuming gold at $280). Can't see how the stock will remain at current level till then.

To: TrueScouse who wrote (156)	5/17/2000 6:46:00 PM
From: ogi	Respond to of 260

I agree GEO is very undervalued and wish it weren't as I own some. However the stock has lost some of its following after stumbling with the low price of gold and the market has over discounted the closure of the Mexican mine in July, so going forward the only production will be that from Vueltas. That still makes it a buy but one that is predicated on all going well on a new mine startup which is not always the case. I think it is a good speculation now but it may be a safer speculation after a proven startup and before it gets the recognition for that. Cheers Ogi