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

To: charred who wrote (7912)	10/22/1997 4:52:00 PM
From: james flannigan	Read Replies (3) \| Respond to of 10482

Charred I have always been a beliver in azs bgo, until today. After talking to my NB broker today he told me that NB was recomending the stock up till a few days ago, but now the view has changed due to more information they have regarding recovery rates at CC. He said that the rock is not as leachable as they once thought, therfore the deposit is in question as to if it is posible to make money with the low grades and low recovery rates.I think givin the fact that nobody has steped up to the plate this late in the game with no offer, speakes for its self. If the economics were there this thing would have been sold along time ago,as we know the standstills do not prevent a friendly take over.I hate to say this but sombody is going to loose a lot of money when the standstills run out,and nobody is at bat.

To: charred who wrote (7912)	10/23/1997 11:23:00 AM
From: Jon Olbum	Respond to of 10482

Jeez, I'd love to say yes, there is upside. But compared to all of those on this thread who do so much more hard research on this company and gold in general, my opinion is purely emotional. Besides, like I said, I've been bitten by the gold bug! I did talk to a friend who is in the minerals exploration business, and he said that while the recent announcement, due to the low content of gold, was not bullish, it does provide a resource for Bema, and if cash costs are as low as predicted, then there is hope. At least the stock should be tied closely with the price of gold, on which I am bullish long term. You have people like Peter Lynch in a recent Worth Magazine article, and some others, come out and say that gold is turning around. Likewise on last night's "Nightly Business Report" when Paul Kangas interviewed one of the "Bridge" people. He said that gold formed a bottom and should start swinging up. It is so totally off of most people's screens that I can't help but love it! And, at least we are somewhat familiar with Bema and know that it has mines, is much lower than it had been, is a genuine mining company. I think we have exciting times in front of us in the gold sector. Jono