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

To: G who wrote (1065)	3/17/1998 7:03:00 PM
From: Greg W. Taylor	Read Replies (3) \| Respond to of 2346

G: The adjective I'd apply most liberally to this market is "cynical." It believes nothing except that there is a villain in the bushes. (I've actually been asked whether we had been sheltering these results and waiting for a pop in silver to release them. Sigh. Kilograms/tonne Ag and we would hide them?) At the same time, because the market has been SO very hesitant to react to drill results of late, I see this move -- perhaps philosophically -- as very good, under the circumstances. What will move it north of $2.25, I'm not confident I can predict. Clearly though, the market wants / needs / expects us to keep on coming with confirmatory / building results. We're doing our best. Our COO is winging his way down there now to keep a close eye on the project and to work with Mel and Matt on selecting the drill patterns. I'll keep you appraised as best I can. I hope this helps. Greg