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Gold/Mining/Energy : Gold Reserves Limited GLR - TSE
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To: Tim Cruise who wrote (38)2/1/1997 3:22:00 PM
From: Syncrude   of 406
 
Actually the norm is closer to $50 US/oz. Reserves have greater value when they come out of the ground at a reasonable cost. I think Gold Reserve has great potential over time either through a takeover by Placer Dome or through its own developement if it can be done economically (management staff has been reinforced this month). We may see a small boost when depp-hole rights are granted this month. It is a good little company to hold for the next few years.
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