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


To: Mr. Oil who wrote (1899)12/20/1998 2:52:00 PM
From: Yorikke  Read Replies (1) | Respond to of 2346
 
Yamana has been getting good and bad press. Canacord has mentioned it a number of times recently in its morning coffee releases.

The fact remains that what we have shown in recent releases is GOOD potential. Good potential does not a mine make. There is a lot of drilling ahead to prove up these properties. High grade is a great headline maker, but as variable as the grades are in recent results, it does not add up to anywhere near the tonnage that is needed to get really capable parties interested in mining it.

This is an exploration company. They are not going to mine this stuff themselves. We need a major to come in and take over. Right now they are not interested enough to make it worthwhile. We need very good results in the next round of drilling, or we are going to be back to square 1.

Just my opinion.

regards,

mnmuench