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

To: G who wrote (1877)	12/15/1998 9:11:00 PM
From: whiskeyjack	Read Replies (1) \| Respond to of 2346

G; Hard to pin it down other than tax loss selling and AG in the dumps with Comex stocks rising. Same thing happened last year and then about March she had a good run. Volumes and # of shares/trade are so small so not much to worry about yet. A good release on Lejano in the new year should give YRI the kick it needs. Oh and maybe Liz needs to cover ARP? wj

To: G who wrote (1877)	12/15/1998 9:36:00 PM
From: kingfisher	Respond to of 2346

The NM article mentions that Yamana would like to outline a reserve containing 10million ozs of silver.This is confusing.Do they mean that they have targets of 10million ozs of silver for the Bacon property or they have a 10million oz target for the 250 meter section that has been drilled this fall?I have to assume they mean a 10million oz target for the small section that was drilled this fall.By my calculations they have at least U.S.$65million of ore blocked out in that tiny 250 meters section with a minimum of 1250 meters remaining to be drilled.If the grades and thickness's are maintained through the entire 1500 meters of this one vein,they could have a minimum resource at Bacon of U.S.$400million of shallow and very mineable rock. Now unless Brian Tobin of Newfoundland decides to run and becomes the President of Argentina and forces Yamana to build a concentrator,smelter,refinery and massage parlor for his cabinet,this potential silver ore could be very profitable with an extremely low investment. Now I realize that only a awful lot of drilling remains to prove out a mine but I also do not understand all the selling going on lately with so much potential remaining in this play.And we still do not know the extent of the Lejano property to boot. BWDIK ? Richard

To: G who wrote (1877)	12/15/1998 9:46:00 PM
From: Mr. Oil	Read Replies (3) \| Respond to of 2346

No doubt G the market ain't listening to me. The fundamentals of YRI just got clearer but the market was hoping for more than the projected 10 m oz AG at Bacon as stated by Mr. Walters. It was looking for 50 m oz or more. Now it should be noted that his projection is still an estimate and likely a conservative one given the care YRI is taking to make sure results are accurate and not leaked prematurely. More drilling will be needed to get the whole picture. Then there is Lejano. I am hoping for a better showing there and I think results from the three different labs are being taken because YRI wants the real picture stated and reaffirmed. After data has been analyzed I believe we will see the size of the deposits at both of these places will be enlarged. Then there is Ciclon West. This is apparently a much larger anomaly which is being tested with the drill rigs now. Depending on those results, we may see YRI continue drilling there in hopes of finding a much richer and larger resource than either of Lejano or Bacon. My prediction! We are going to see prices much higher. There is an overhang of stock at around 1.30 due in part to the last special warrant issue. No doubt this dilution is being factored into the price now so that price is weak even with positive results...until the results become definitive, more significant and convincing. The good news is that Barrick and Black Hawk are in the area already so that any significant find will catch the attention of the majors and possibly precipitate a little...shhhuuu!...(wispered) buy out offer. Don't spread any false rumors. This is just me talking of the top of my head watching the ARP saga unfolding. Nice to see things are changing a little in the resource sector. That is where we are. Hanging in for the day in the sun. Ray