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Gold/Mining/Energy : Banro Resources ( BNRS-CDN) -- Ignore unavailable to you. Want to Upgrade?

To: Len Hynes who wrote (21)	2/4/1998 5:34:00 PM
From: Dav!d	Read Replies (1) \| Respond to of 73

Hello, Thanks for the response. You are correct that I know little about BNRS management as stated in my commentary. Yet, I would NOT bet the farm on this stock for the stated reasons (if you forgot they were that it trades on COATS, the results are PROVEN unequivecally true, and Congo is politically unstable). I will call Cliff and the only reason why is because the Hard Rock recommends this stock. I would just like to point out that the government of Congo is trying to screw AMZ and even worse, trying to justify it. Also, I hear that the cost of mining is somewhere in the neighborhood of $191US. I don't know where you got your $35US (or $50 Can) per share but I think it is definitely unrealistic. With 8 million ounces of gold, the insitu value is $2.4 billion US or $3.5 billion Can. This equates to $170 Can share price (with gold at $300 US). BUT!!! when trying to predict stock prices, I only give the company $25US/ounce gold and this equates to a share price of $14 Can. Thanks for the response, david