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


To: kingfisher who wrote (1330)6/11/1998 10:07:00 PM
From: Kevin Vickers  Read Replies (1) | Respond to of 2346
 
Price of Gold vs Drilling Results

First I want to tell you that I have been with this company through thick and thin. Plan to stay long term. However, these are tough days. Gold fell dramatically again today. YRI is under a buck. If gold was at $400.00, with results to date we would be at $6.50.

Gold may continue its slide to to the $280.00 resistance level tomorrow,inevitiably bringing silver down with it. This will coincide with Greg's announcement on the last few holes, which I anticipate will be excellent. Needless to say, unfortunately we will not benefit nearly as well as we would have with a stronger gold and silver price.

I hope my previous message did not sound all gloom and doom. I tend to focus on reality. Regardless, there is not a better explorer out there than YRI to invest in and Greg's post are not only professional but exceptionally honest. That is why I will continue to stick with them through thick and thin.

All the best

Kevin