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Gold/Mining/Energy : ECM.VSE - El Callao Mining. -- Ignore unavailable to you. Want to Upgrade?

To: yosi s who wrote (1126)	2/5/1998 7:56:00 PM
From: John Soileau	Read Replies (1) \| Respond to of 1253

A mine at ECM would not be that expensive...something under 100 million. IMO Bema has enough cash, with potential additional stock issued, to put up the non-financed part of mine costs. BUT they seem reluctant to just jump into Venezuela. IR told me a while back that Bema wants a major to blaze the way into that swamp, they will go in on coattails. Don't know how much sense that makes, but that's what they said. Placer Dome, anyone? John