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Gold/Mining/Energy : Gold Reserves Limited GLR - TSE

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To: Cyber Rock who wrote (55)3/27/1997 1:34:00 PM
From: John Stopforth   of 406
 
Clar

The only good thing I can say is Gold Reserve's discovery is not
in Indonesia.
Seriously, the Bre-X disaster will make it very hard for any
junior gold companies to do well.
I think the drill results are solid, they are right next door
to Placer Domes discovery which had similar results.
A lot of people and mutual funds got hurt yesterday and I can't see
much confidence in gold companies for awhile, especially those in
Indonesia.

John
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