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Gold/Mining/Energy : BLACK HAWK (TSE:BHK) -- Ignore unavailable to you. Want to Upgrade?

To: Bill Murphy who wrote (132)	10/1/1998 8:21:00 PM
From: Stephen O	Read Replies (2) \| Respond to of 545

I have just looked at some research on Goldcorp Inc (G.A on TSE) . they should produce 106,000 oz in 98, 110,000 oz in 99 and 185,000 ozs in 2000. Very similar prodn to BHK. Guess what market cap is for Goldcorp at todays close of $8.20. $560,000,000. Market cap for BHK is $20,000,000. Goldcorps market cap is 28 times larger and prodn is the same. Go figure. Proven and probable reserves for Goldcorp is about twice that of BHK but BHK has a lot of gold equivalent resources that are one and one half times bigger than Goldcorps proven and probable. I know which one I would rather buy.

To: Bill Murphy who wrote (132)	10/1/1998 8:29:00 PM
From: gilbert leblanc	Read Replies (1) \| Respond to of 545

Thanks Here the address for the one interested lemetropolecafe.com For Robin Hood Forget about the short term. Each time that price of gold appreciate, it is more cash flow for BHK. At $270.00 per ounce, the El Lemon mine was just break-even. The financial results of the last quarter could surprised a lot of investors if the price of gold sustain his recent rally. And you don't have to forget that the value of the reserves that they have appreciate too. Only at the Hoyle Township Gold project, they have 459,700 gold ounces (in the same mineralization zone that hosts Kinross' Bell Creek, Owl Creek and Hoyle pond mines). You know the value given to a corporation by the financial markets is not always equivalent of the his real value. This is why we have take over (KAUFEL, PEERLESS recently and I think is only the beginning because there is to many shares who are trading at a deep discount of their real value.) Yours truly Gilbert Leblanc