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

To: robin hood who wrote (148)	10/14/1998 9:06:00 PM
From: gilbert leblanc	Read Replies (2) \| Respond to of 545

BHK At $0.12, it was a irrational price. At a gold price of $270.00, the value of BHK is around $0.20. At a gold price of around $300.00, the value is between $0.25 and $0.30. They don't have a hedge position. It means that each move of $10.00 US in the price of gold bring more cash flow of around $1,000,000 US in the pockets of BHK on a annual basis (100,000 ounces * $10.00 US = $1,000,000 US). BHK is a speculative stock but a least you have a penny stock who: have reserves; have cash flow; will show a small earnings for the current year. Like the other producers, they don't control the price of gold. At $350.00 US for gold, this stock could be a big winner. Until then, faites vos prières. Yours truly, Gilbert Leblanc