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Gold/Mining/Energy : Precious and Base Metal Investing -- Ignore unavailable to you. Want to Upgrade?

To: Elizabeth Andrews who wrote (2935)	4/5/2002 2:09:45 PM
From: russwinter	Read Replies (1) \| Respond to of 39344

<not a believer in the SUL bulk mine case as of now> There sure seems to be plenty of sub one gram garbage material there. But, if they start pulling good gram and half intervals and with the high recovery rates indicated, we will quickly have a new ball game. Jim Steele's seems to have a gut feel that this one might work, and I'm still drawn to this prospect. My problem with actually buying it in the short term is all the paper coming out from the four month holds. And they've issued a ton of low priced warrants and options (nearly 9 million). That could create some downside even from here if they keep disappointing. What's your sense of management? And would there really be enough time to still buy cheap if they pull the better holes? I doubt it in this new environment.