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Gold/Mining/Energy : ORI Omni Resources, TYG Trumpeter Yukon, AKA Arkona Res. -- Ignore unavailable to you. Want to Upgrade?


To: CLK who wrote (335)12/20/1997 8:30:00 PM
From: Al Cern  Read Replies (1) | Respond to of 444
 
CLK,

I personally don't see BYG going bankrupt although I don't know their current cash position, which is the only thing that could put them under. They have no debt which is the Achille's heel of a lot of co.s If they did go under I would personally line up to buy the assets, and I know I would have a lot of company. I have been looking at a very broad range of companies in this sector, from majors to juniors, and short of Franco Nevada's, Ken Snyder mine which in 1999 is going to produce gold at $78/oz. (check out ther grades, about 1oz./ton), the rest are mainly pipe(no pun intended)dreams. The BYG play has the grades to produce economically, even at today's gold prices, the only question is the quantity (improved grades sure wouldn't hurt either).

AKA and ORI are stuck in a tangled ownership web that would not see a lot of benefit from BYG's bankruptcy, certainly their production timetable would be set back.

Sincerely,

Al Cern



To: CLK who wrote (335)1/2/1998 2:37:00 PM
From: Gramps  Read Replies (2) | Respond to of 444
 
Happy New year Chris and Al. Seems a lot of interest is going on with BYG without any posts or news releases that would prompt it all.
My BYG post today is where I can determine things are at.I am sure there will have to be some kind of news releases pretty soon. I would suspect that AKA and ORI will be doing something any day now to start things for the new year. They have management, expertise and cash in the bank. No reason why they cannot carry on with some programme.
If gold follows any kind of past history it will go up in Jan and Feb.
Hang in is the word.