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

To: Sergio Ferreira who wrote (108)	4/5/1998 4:34:00 PM
From: Pierre J. LeBel	Read Replies (1) \| Respond to of 568

Good afternoon Sergio, If you have some money to invest, pick DAY over MAR at this time. As you know, Minorca paid $ 3.20 per share for 12% of DAY a few months ago and will most likely keep on buying until they reach that level again which is 60% above where we are now. Minorca is a good value but they have been using their cash quickly to buy Dayton, McWatters, Tan Range, etc... And the smell from BRE-X is still there. With gold moving towards $ 350 this year and the buying from MAR, I would expect to see DAY return to the $ 5.00 level where it was before it started the last big slide in October 1997. Good Luck and have a very nice day. Pierre. PS - Disclosure: I own both DAY and MAR.

To: Sergio Ferreira who wrote (108)	4/5/1998 6:40:00 PM
From: James F. Hopkins	Respond to of 568

Sergio; There are a lot of possible reason, many of the gold stocks are under priced as to their intrinsic value. Some one said "a gold mine is a hole in the ground with a bunch of crooks circled and standing around it " While I see the trend up at this time, and the trend is my friend I have no idea how far it will last or run. ------------------------- Looking forward after this run, gold could turn and go back and even set new 10 year lows. I'm not sure the bear market on gold is over yet, this could be just a short term reprieve. I'm not expert enough to tell. I will sense gold has hit it's bottom if I hear of many mines closing, and exploration canceled..but for all I know that may have happened already. -------------------------- How many mines have shut down in the last six months ? Is there a rough way to get an average cost of production per oz across the board. After the big crooks get to buy up all the assets for pennies on the dollar then they will let the price of gold go up. <G> ---------------------------- I see Asia had nice runup, for about two months..but is headed back down again. Jim