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Gold/Mining/Energy : Lyon Lake Mines Ltd -- Ignore unavailable to you. Want to Upgrade?

To: yosi s who wrote (423)	11/7/1998 11:37:00 AM
From: Tom Drolet	Respond to of 520

yois s: Yes-- I see the possible connection now. LLL was halted just a little bit after PMD. LLL.M is not in great shape. Is the possibility that PMD/TBD will purchase LLL and consolidate? LLL states on their web site that the average cost of production from one of their Costa Rican sites is $210 US or so. Is that low enough to attract a buyer? With about 40M LLL shares out at 0.20 cents Cdn-- that would be $8M Cdn-- say a premium of 35%== $11M Cdn== $7M US$. Palmer has that sort of cash in TBD+PMD ( I think). If they dilute via PMD shares-- it could only be that they think that early strip production in Costa Rica is better than their later mining type plays in Indonesia/Vietnam/Myanmar. That sort of rationale would be predicated on the thought that the price of Gold is headed up in the short term. Production from stip mining the sites in CR and leaching would be ( I assume ) faster than the mining styles of the far east I guess. Then again-- I am an electricity guy and don't know anything about mining. We shall see Monday. Thanks for the thought. Regards Tom D.