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

To: John Soileau who wrote (9828)	2/4/1999 10:42:00 PM
From: Peter Neidhardt	Read Replies (1) \| Respond to of 10482

I agree, don't like Venezuela at all. Personaly would avoid all business there for the time being. However there are many good gold deposits. This recent news further re-iterates my belief in that BGO has great long-term projects. Once the POG rises and the projects come into reality we will see a nice capital appreciation of the stock. For now, the market is valuing only its financials (which are satisfactory for the time being) and its only producing mine (Refugio) which loses money but provides cash flow for the companies survivability. Wait until the POG comes into range where the Alderban(sp?) projects and Lo Incredble(sp?) are economic and up away we go. The only ^%$#% question is when will the damn metal go up? Pete