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

To: Terry Swift who wrote (7976)	10/25/1997 11:53:00 PM
From: Phil Varichon	Read Replies (1) \| Respond to of 10482

Terry, hitchy eh? I understand you must feel like a victim of this "exhuberant market" or of a disease called wishful thinking syndrome! Anyhow, you said: 1. <The Bema bashers ignore 10,000 pages of "hard data" in MRDI's PF Study >. I received like every other ordinary investors 2 pages of data that stated that the resource was down from 26M0z to 16M PPoz. and that the recovery is 74% with no clear indication that it did not included the tails. I suppose they should mention it with great clarity if it was good news... NB said about 50%? This should not be surprising for people reading hard data from basic mining text books. It is well known that Metallurgy is essential to metal recovery in porphyry systems. The recovery could range from 95% down to less than 50% if the gold does not report to the copper. concentrate(Source: Gordon Cap. SD. Walker). We got the low end of the spectrum here... 2. < Most posters to this thread have been ignoring "hard data" for months.> We had not even soft data from management , just promeses of takeover, since April. Where is the promising Quebrada Seca results? and other target sites? Once again BGO is cheap and anorexic with news with very little details when there is one. My point is: If you have something tangible you show it, you do not let doubt grow in people's mind, especially people with who you do business with (read shareholders). You give more than 2 pages of "hard data" when you got "10.000 pages" of it... Unless something is rotten... 3.< Time will tell. I'm willing to wait.> Well that's the only thing you will have left soon... Unless you know how to stay stubburn until 2001. I trust you on that one. What a waste of time when there is so many other nice opportunities out there. By the way, resource stocks are not the kind to play the buy and hold strategy with. If you like Warren Buffet style of investment Terry, move to Coca Cola, or stuff that you understand because there are so damm stupid but cash makers... Not stocks that rely on very complicated geology and chemistry, and that are dependent on a commodity (we can argue on that) like gold that is so subject to the daily transactions of highly sophisticated investors... Do not fall in love with a dog... Good luck Philippe