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Gold/Mining/Energy : Bema(Bgo) and Arizona Star -- Ignore unavailable to you. Want to Upgrade?

To: Giraffe who wrote (9729)	10/22/1998 3:07:00 PM
From: burner	Respond to of 10482

Bema Gold Corporation BGO Shares issued 104,112,454 Oct 21 close $1.65 Wed 21 Oct 98 In the News Douglas Casey, writing in the Oct. 1, 1998 edition of his International Speculator, says Bema Gold is a hold at $2.20. Mr. Casey recommended Bema at $4.85 in March 1996, and watched while it soared to its all-time high of $12.75 on Aug. 16, 1996. In the current report, Mr. Casey notes that one of Bema's new areas of interest is Russia, where it has acquired Arian Resources in a one Bema for 3.3 Arian share swap. Arian owns 79 per cent of the Julietta deposit, containing 1.14 million tonnes at almost an ounce-per-tonne gold equivalent. While small, the deposit is so rich it will not require high capital costs, Mr. Casey says. The bottom line is, however, that at present gold prices, the mine is not profitable.