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Gold/Mining/Energy : GMD RESOURCE
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To: Richnorth who wrote (598)2/7/1998 12:56:00 PM
From: Walt  Read Replies (3) of 1030
 
Thr Royce group could be farmed out to a company already in the Diamond exploration buisness, this would give GMD a cash flow in the form of option payments and a carried interest.
The Gold property would be better to kept untill gold prices recover, unless they could find a good jv partner.
Alot will depend on the new management team and when it gets put in place.
regards Walt
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