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Gold/Mining/Energy : Dayton Mining (DAY) on TSE & AMEX -- Ignore unavailable to you. Want to Upgrade?

To: Eashoa' M'sheekha who wrote (100)	4/4/1998 8:32:00 PM
From: Sergio Ferreira	Respond to of 568

Well Taurus, I believe that one must look at the big picture. With Minorca's original purchase of a 12.2 percent interest and the appointment of Roland Horst as Chairman and Chief Executive Officer of Dayton I immediately bookmarked Dayton. (I also requested and got an information package on Dayton). I stayed on the sidelines for a while as I realize (as you have discovered) some people don't like "outsiders" coming in and talking about other companies. But since others have brought up Minorca, I decided to jump in. Now that Minorca has increased it's stake, I believe that this relationship is more then just a passing fancy. Especially given the fact that Roland Horst is also the vice Chairman of Minorca. I think the two (three we include McWatters) would be a good fit - Dayton being a producer, while Minorca's experience is in the Exploration side and it has several promising properties around the world. The biggest problem I see with Dayton is that it has only one major asset - Andacollo. The biggest problem with Minorca it has no cash flow. Cash Flow + Exploration Properties (+ Cash on Hand!) could be just the ticket for Dayton and Minorca shareholders. If there is one thing I have learned from this last dip in gold, it is that size definitely does matter! Sergio