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Gold/Mining/Energy : Pegasus Gold (PGU) hits 52 week low -- Ignore unavailable to you. Want to Upgrade?

To: Dale Schwartzenhauer who wrote (36)	11/19/1997 12:51:00 PM
From: Michael Bidder	Read Replies (1) \| Respond to of 199

I think it unlikly that any comp would want to take over pgu give the huge envirenmental liabilities associated with all of there closed down operations. Mt Todd will cost 7+ million australian $ for care and maintenance. No creditor will like to see the company eat through the remaining assets in the operation of Montana Tunnels which has a cost of 360 per oz for anothe 6 months AFTER 10 mill is spent on another pad. Then in the subsiquent 6 months the costs go down to just under 300 usd/ton. The rational is not good. But if you want a loto ticket I think in this market there are beter bets. Reminds me of a when bre-x was 3.50 I couldn't understant the loto ticket mentality. Just as people go into denial at the loss of a loved one so to do thay during a financial loss. Unfortunatly this emotion can exasebate the loss. Good luck everyone.