+ data and comments +, page-152

re: ** + mining early 2007. target prices. I would tend to agree with the parrott on the take over issue , for a couple of reasons . Firstly ,Palmarejo stock is too tightly held for any meaningful accumulation to be possible at a reasonable price . i.e. VERY low volumes
Bolnisi is potentially a much bigger fish , but at this stage is still only potential .Why do you think they arent drilling out 10m oz's of reserves before mining ? One reason is that 3m oz's is under the stated criteria for many companies , for a takeover .
I dont think we will see a takeover very soon , unless Norm does a deal for Palmmarejo .
Not likely !