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Gold/Mining/Energy : byg -- Ignore unavailable to you. Want to Upgrade?

To: reg who wrote (609)	11/20/1997 7:15:00 PM
From: Al Cern	Read Replies (1) \| Respond to of 769

reg, All we are saying is "give us a mill". Not to mention, one that produces at under $200/oz.. Some more reserves on the Wheaton River claims would sure help too (it's the closest major source, with high grades). BYG needs to finance a new mill soon, They want 10-20,000 ton/day capacity. Right now a logical size would be 2000 tons/day, but the cost of putting in the greater capacity might not be much more at this point. The permits for the larger capacity would be there too. They need a mill to show what they are made of. They appear to have shown some ability to produce at low costs. Right now they are of course showing their financials, and their reserve estimates to investors. Hopefully, somebody is impressed enough to invest. Does this mean debt, or equity? Probably a hybrid, certainly dilutive, and at these prices not favourable to a lot of investors, but it has to be done. It will surely involve the present backers, unless they don't want to increase their exposure, which would not be a great sign. Waiting to see what unfolds. Sincerely, Al Cern