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Gold/Mining/Energy : Gold and Silver Mining Stocks -- Ignore unavailable to you. Want to Upgrade?

To: Frank Pembleton who wrote (1045)	5/18/2001 8:53:27 PM
From: Stephen O	Respond to of 4051

Black Hawk (BHK.TO) probably has the best chart since April 30th. Closed today at 18c, hit 19.5c. It was 9c at end of April. Produced 21,000 oz in Q1 at cash cost of $156 an ounce. Earnings of $1.6 million Cdn 1c per share and cash flow of $2.5 milllion Cdn, 2c per share. About 1/2 of their production has calls at $270 against it for next 21 months. About a month ago they brilliantly sold their put options( at $260 an ounce) for $664,000 and paid off the remainder of their bank debt.