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

To: JUNIORSPECULATOR who wrote (621)	12/3/1997 7:06:00 PM
From: M5PRO	Read Replies (1) \| Respond to of 769

JS, How's it going? You gotta wonder how low the P.O.G. is going before it is going to get better? There have been so many negative reports from all over the world fueling the deterioration of gold it seems like there is no end in site! It's evident that marginal and high cost producers are going to feel the squeeze as long as the P.O.G. continues in this range or even lower. If BYG can produce gold under $225/oz and so far this looks achievable from the Mt. Nansen properties alone they will be alright. This doesn't even include the custom milling contracts from YGC, RDC and YKR..... which will lower BYG's operating costs even more plus be an attractive alternative for companies to realize cash flow without too much share dilution. With the price of gold trading at 15 year lows, who knows, this could be where the price will stay for the next year or two?(or three or four)(hope not) This could be the sign of things to come for the mining industry as far as finding ways to lower the costs of producing gold.* Custom milling!!!!* It's attractive to companies who cannot finance the construction of their own facilities and it's attractive to the company that has the mill as it lowers production costs. Wouldn't it be nice to see BYG's operating costs averaging $180 or even lower!!! Oh well, just thought I'd add my two bits! C-YA Matt