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Gold/Mining/Energy : Bema(Bgo) and Arizona Star -- Ignore unavailable to you. Want to Upgrade?


To: Davy Crockett who wrote (10262)8/11/2001 8:37:35 PM
From: John Soileau  Read Replies (2) | Respond to of 10482
 
Hey Peter, I have a big pile of cheaply acquired BGO that's been just sitting there for a while. It is either an embarrassment or an opportunity, eh! If it suddenly, or even eventually, becomes not-so-cheap, I will be quite happy.
The Magadan project looks like a real winner, the only queasiness I have is the mechanics of getting profits or gold out of Russia. That country makes Capone et al look like Benedictine monks. I guess they call that "country risk"! If that deposit were in the US, our share price would have three digits.
Casale is not happening without a whole new range of gold price, IMO. Forget it, it should be valued like a huge underwater call option, fortunately with no holding cost.
Refugio...ouch. That certainly isn't supporting the share price!
Regards, John
PS I see you canoe, I was addicted to whitewater (Eastern) for a while, intensive treatment at Betty Ford saved me
but the craving is there...