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

To: charred who wrote (395)	1/20/2003 2:51:31 PM
From: russet	Respond to of 585

I'm glad you are not one of the Bre-x crowd, as I had a high opinion of your research into Luicho and other plays in the past. We'll see if your concerns this might be another Luicho are borne out by the assays (-75 degrees should be near right angles to the 40 degree dip,..which may not be as steep as previously thought). Luicho was a two dimensional play on two faces for about a year as I recall,...Boka is already 3 dimensional thanks to the extensive tunneling, and is oxide ore,...two differences already. I know what you are getting at, potential sampling down the dip of the mineralization to give the initial hi grade intersections etc., but the number of samples (tunnels) spread out over a large area in 3 dimensional space makes Boka look very different to me. Now with the last release we have a long near perpendicular intersection with mineralization for 200 meters (true width unknown so subtract 60 meters for comfort) so we wait and see. I suspect if assays are good we will hear before the next two weeks,...if not good they will of course want more drill results before announcing. A lessor group might have wanted to do a financing at this point before the drills got to the site,...they did not (like Pacific Rim did),...they did the opposite, they bought back shares and announced that management would not sell. Perhaps a further difference between Boka and Luicho.

To: charred who wrote (395)	1/21/2003 2:06:57 PM
From: teevee	Read Replies (1) \| Respond to of 585

charred, There is another perspective on this as well: It has been mostly (gold)funds that took SWG to where it is. The question I have is: how are they going to get off the bus? Either a major has to come along and take out SWG (not likely as this project is very early stage then there is its remote location in CHINA), or it has to be sold to retail investors and I don't see that happening either. I therefore think there is some serious downside risk at these prices.