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

To: ogi who wrote (4362)	6/20/2002 11:50:40 PM
From: TrueScouse	Respond to of 39344

Ogi and CD: Thanks for your feedback on YBA. << the pilot plant work with Penoles looks very impressive.>> I agree. It looks to me as though Penoles is footing all the costs of the plant (several million $). BacTech not only gets past the critical step of completing a pilot, but I think will also receive income on the metals produced. I'm not sure of the details of this and will try to find out more. <<In your DD the one drawback with any new venture is how well capitalized are they and how readily can they obtain funds>> I undestand they're doing a PP in the next week or so for $1 million. Presumably this dilution will lead to some weakness in the price. But with both Penoles and Rothschild as partners, they seem to be in a good position re future financing. Interesting story.... Regards, Howy