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

To: Greg W. Taylor who wrote (1262)	5/31/1998 10:41:00 PM
From: kingfisher	Read Replies (3) \| Respond to of 2346

Thanks Greg for correcting my optimism. Wishfull thinking on my part on drilling in Lejano and Bacon.Irregardless this does not remove my enthusiasm for Yamana's prospects.To compare I have been looking at Silver Standards announcement on their Bowdens silver prospect.They are planning a feasibility study to mine a prospect with an indicated and inferred resource of 18 million tons grading 99 grams of silver per ton,0.37%zinc and 0.32 % lead.Preliminary work estimates capital costs of $50million (U.S) to mine. The grades at Bowden are only a small fraction of the grades at Lejano and Bacon. Yamana's current market capitalization based on 27million shares outstanding is $35 million Canadian dollars. Silver Standards market cap based on 16million shares is $72 million Canadian dollars.Of course I do realize each companies prospects are difficult to evaluate properly but this is one method I use to make a calculated decision to invest and IMHO Yamana is the type of prospect that comes along only rarely in an investors lifetime and I am very confident that we will be richly rewarded in due time Look forward to a great 1998 and 1999 for Yamana Richard