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

To: Michael Bidder who wrote (46)	11/23/1997 10:08:00 AM
From: Gerry Schechter	Respond to of 199

Michael-thank you for the incisive response-one question though-if the company were to increase their sales for their hedge book, what typ eof prices would they receive for gold sales 1 year out? Just trying to guage what type of premiums they could potentially earn-when I was a broker, one of my clients was the company who sold the Montana Tunnels to Pegasus-lost track of it over the last five years, but do you think the property did not meet expectations or do you think that the fall in the price of gold was the catylast for the problems? Gerry