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

To: Tupulak who wrote (2004)	2/6/1999 12:38:00 PM
From: whiskeyjack	Read Replies (1) \| Respond to of 2346

Hi Curtis; I was aware of the corporate shake up, but was thinking Greg was involved in corporate development and left IR up to Amy. I think the TSE was wrong for slapping his wrists for using the most efficient way to communicate with investors. Claude Cormier has a great write up on FSR on Gold Eagle. Judging by Claude's analysis, YRI 21 million oz initial resource estimate isn't bad compared to FSR 4 million. FSR now has 47 million inferred and makes about $1.5 million or $.05/ share, if memory serves. FSR processes 2.4m ozs per year and want to ramp up to 5m and then 10m ozs/year. These aren't huge numbers but they are profitable and trading at ca$1.25. I think YRI isn't dead and burried quite yet, as long as the Ag market squeezes higher and management is serious about proving up 200m ozs on Lejano and Bacon. My main point being the garbage properties won't be contributing to the burn rate and hopefully a small profitable mine can be started fairly soon. 200m ozs isn't going to happen by going back to the PP well. Check out Butler's paper on Ag leasing scam at Gold eagle. Well thought out and written. Have a great weekend, wj