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Gold/Mining/Energy : 1 Million oz. and up. -- Ignore unavailable to you. Want to Upgrade?

To: Robert Dydo who wrote (19)	1/12/1998 7:49:00 PM
From: D.McQ	Read Replies (1) \| Respond to of 144

BCMD closed today at 91 cents with total inferred resource estimates of 3,128,556 oz. They own 9 mines and 3 mills and in late November signed a $9million JV financing package that is very favorable for the company. BCMD has 45mil shares outstanding. They are also currently looking for a diamond JV partner sacbee.com Tonight they received a buy recommendation from briefing.com <<<<<<<<<<<<<<<<Briefing: What is your near-term industry outlook? Which gold mining stocks are you recommending and/or avoiding? Steven Porter: Canyon Resources (CAU), Royal Oak (RYO), and Brush Creek (BCMD) are enticing plays that I would accumulate at current levels. I look at them as core positions as we are well into the crises stage. The worst of the damage has already been seen in these junior stocks. They represent some hard value as opposed to the glut of paper assets choking the market now. >>>>>>>>>>>>>>>> Here is some more background information: Message 3124186 <<<<<<<<<<BCMD just released fax showing inferred reserves of $304MM NET (net of production and capital costs). Works out to $6.75 per share. Dont know how credible this "inferred" method of calculating reserves is--but cant establish reserves in a hard rock mine by drilling. Guess we'll know how credible E.O. Strandburg and inferred reserves are very soon.>>>>>>>>>>>>>>> Message 3125251 <<<<<<<<<<<<<The total inferred resource value of $304 Million is based on $295 per oz. gold, profit per oz. over $96.00 for lode gold and $90.00 for placer gold.>>>>>>>>>>