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Gold/Mining/Energy : Yamana Resources INC. T- YRI -- Ignore unavailable to you. Want to Upgrade?

To: Jon Matz who wrote (895)	2/18/1998 9:33:00 PM
From: G	Read Replies (1) \| Respond to of 2346

looks like we have the making of another IPJ on our hands. Maybe even a WTC in the makeing. Lets JV this property raise capital and move on to the NEXT BIG PROPERTY. INDO with BARRICK Dare we test the 3 dollar level 2 morrow

To: Jon Matz who wrote (895)	2/18/1998 11:09:00 PM
From: Greg W. Taylor	Read Replies (1) \| Respond to of 2346

Jon: You're right not to take these numbers to any other level. The calculation of $100 - 300 / tonne comes from simply taking the interval and working out the value of the mineral in it. The values we used were gold at $300/oz , silver at $6/oz, and lead at $0.24/pound. We didn't include the zinc or copper values. You cannot accurately project anything beyond this, with the validity increasing in areas where the intercepts are closer together, and weakening as they are further apart. It's just another way of assessing what you have but not of projecting beyond the ballpark. I hope this helps. Greg