RANDGOLD and EXPLORATION (RANGY) Message Board

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Gold/Mining/Energy : RANDGOLD and EXPLORATION (RANGY)

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To: POLARBEAR who wrote (232)	1/29/1999 2:01:00 PM
From: baystock	of 448

<<Meanwhile, latest drilling results at the company's Morila project in Mali have doubled estimates of the deposit size. Measured and indicated resources now stand at 3.2 million ounces, and preliminary pit modelling has indicated that most of this can be promoted to the proven and probable category. The ore body is still open and additional diamond drilling is planned. >> PB, This is great news, especially welcome during this depressing time for gold share investors...3.2 million oz and growing! Morilla is going to become an incredible cash cow for RR. This will actually allow it to prosper during these lean times for gold mining companies. If Morilla is in production by early 2001, it means that the full value of Morilla will be reflected in RR's share price by then at the latest. This value should also carry over into RANGY's NAV. Ram

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