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

To: Neil Irwin who wrote (1977)1/25/1999 11:34:00 PM
From: Tupulak  Respond to of 2346
 
It is a good start and I believe that it is just the start. Mining and drilling for Oil and Gas are not exact sciences and are a crap shoot. That have found something and hopefully by the end of this drilling season we will know what. I don't think there will be too many shares offered in the $0.60's range on Tuesday. As from Neil's post these results would offer about at $0.50/share profit if mined as is.

>>Some interesting statements and projections. Taking the last point to case, the estimated mine life would be only 3.5 years but would generate a profit of almost $20M. Taking the net present value of that and spreading it over roughly 35M shares doesn't leave too much per share.>>
Curtis



To: Neil Irwin who wrote (1977)1/26/1999 1:30:00 AM
From: Stephen O  Read Replies (1) | Respond to of 2346
 
Neil Manatial Espejo is owned by Black Hawk Mining (BHK on TSE). Silver Standard is earning half of BHK's interest by funding current portion of exploration. Barrick owns just 20% and the terms of the Barrick Black Hawk deal will probably see Barrick bought out by the others.


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