To: DDS-OMS who wrote (572 ) 10/28/1997 4:37:00 PM From: Lord Smooth Respond to of 4571
Well, you're guess would be as good as mine. We would have to know a "rule-of-thumb" $ figure versus ounces of proved gold reserves to make a guess that would mean something. We would also have to get figures as to productivity enhancements the JV would bring, if any, in addition to the financial support. Of course, we would have to know how JV deals in general are structured. I don't know the answers to any of these, but I will find out. Thanks for the question. Good interpretation: With a JV, BCMD will actually start producing gold. Buy! Good interpreation: I don't care if they share 50% of their profits with another company as long as they are making money. Buy! Bad interpretation: You are selling $ millions and $ millions of gold reserves for how much? Maybe there aren't as many reserves there as you say they are. Sell! As for the ladder interpretation, people here seem to trust managament, so this probably won't happen. The fact that someone said mgmt will only release production numbers versus potential numbers, if true, indicates integrity and caution in mgmt's part. So to answer your question more succintly: I don't know. I'll let you know what I find out. And Martin, I generally don't trust anything I read on these boards. There are stock promoters everywhere, whether paid pros or overly excited investors. Sometimes a group of promoters enter a board and hold misleading dialogues with each other to mislead gullible investors reading their posts. I find it hard to believe that with all the similar sounding reports on this board and others --- of townspeople buying BCMD and positive field sightings --- that there is something sinister going on here. I mean, how many of us have actually seen this company? It's just something to be aware of. S