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Frank Pembleton

12/05/02 12:49 PM

#754 RE: timhyma #753

...just be careful with BGO-- management isn't exactly shareholder friendly. They're forever diluting ... But it does have incredible blue sky potential -- they have a stake in a huge project known as the Rufugio Mine, it becomes viable about at around $320-- when it does become viable their books will reflect a huge gain, in other words, the NAV will grow exponentially as will the price of the stock.

...but if the PoG falls-- the reverse is true.

Regards,
Michael