Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: I_C_Deadpeople who wrote (3330)	11/21/1997 10:09:00 AM
From: Richard Bunch	Respond to of 4057

I am a ex FLA shareholder. I got in at $5.40 and sold at $1.20. The reason I sold was because of the management of the company, and especially DR. I would suggest a class action lawsuit against DR and the company. Any lawyers out there for comments? I realize that all gold stocks are down because of the price of gold, but the shareholders were worked over by DR and FLA. I want to know if what they did was illegal and is there a legal base for a lawsuit?

To: I_C_Deadpeople who wrote (3330)	11/21/1997 5:41:00 PM
From: Leigh McBain	Read Replies (2) \| Respond to of 4057

Eric, just a note on the Arizona Star/Bema Gold property. They do not have to be at $375 to be economic, at least not according to James Capel HSBC. Latest edition of the Investor's Digest has his analysis showing an 11.4% internal rate of return with gold at $350 and copper at $.95 and the actual cost of production being estimated at $182 USD per ounce. You need to keep in mind that although they have the 19 million oz. low grade gold reserve, there is also 5 Billion pounds of copper in that deposit. Just some additional info. Salut, Leigh McBain