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

To: charred who wrote (7989)	10/26/1997 1:26:00 PM
From: john a	Read Replies (2) \| Respond to of 10482

charred. There has certainly been some lively discussions on this thread. You can definately see the two camps at work here. One camp, in which I firmly place myself, sticks to the facts that Bema has presented us with. We have this funny belief that Bema has been telling us the truth all this time. We acknowledge that MRDI might just know something about the mining industry, and that when 30+ of their best people work hard on something for better that 6 months, then perhaps the conclusions that they come up with might have some basis in reality, and we choose to accept that. Any time the bashers present us with a counter argument, they must choose to ignore data as presented to us from the only source with any credibility. Don't take MRDI's presentation of the results of metalurgical testing on 180+ samples....no way, we have an analyst in Toronto that knows better. Hey, MRDI and Bema say they have a good handle on the costs of doing this thing... well 'our' "feasibility study" (on the back of some envelope that we spent some evening crunching off) is much better than MRDI's. Heck we'll just double all of their costs, add in some for good measure, convert it all to cost per ton, and declare confidently that it can't be mined. oh yes, lets throw in some altitude and ignore the fact that realy, Refugio does work. and presto.. no way at casale. ( I guess we should have factored in the worst weather in history at Refugio, but jeeeeesss, we're not to good past about 4 days are we? hard to put that into an FS.) Is Bema a good investment? It depends. If you are looking for a big gain on a vapour stock, with much over-promotion, lots of wild-*** speculation, false promises, greeding promoters, and an artificial market, say like BreX, then no, Bema is not the stock for you. If you want to invest in a company that does what is says its going to do, tends to be maybe a bit too conservative, has what is says it has, and is going to go where they say their going to go, then maybe bema is the stock for you. And like everyone on this thread says, time will tell. We have standstill agreements running out- or run out now. The biggies in this game are not going to be looking at the POG right now when they look at this puppy. they are looking at the reserves, they are looking at the costs, and they are speculating on the POG 4 years from now. They know what to do with MRDI's numbers, they can check them for themselves. These guys need this resource. badly. Bema has been promising something for October for some time now. I choose to buy into that. Lets all see whats going to happen, and when it does, I for one want to be there. Thanks for the healthy arguments, I wouldn't have you stop, but... at some point you've got to accept some of numbers Bema has for us. Yes they have some 10 thousand odd pages of reports to look at, what would you have them do... put them on the internet? Would being able to review the hundreds of pages of assay certificates do anything for you. Would their statistics for the block model mean anything, would you be able to comment on the variograms for reserve estimation. Would you like to be able to verify the price of a truck tire in Chile. How much does it realy cost to put in power at the casale site. Whats important here anyway? I sugest, that its the bottom line. Which is what Bema has given us. Are they hiding something??? No. sorry. its all there. lets see what happens next. john