25,740' WINFIELD RANCH JV PARTNERS Message Board

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Gold/Mining/Energy : 25,740' WINFIELD RANCH JV PARTNERS

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To: Bearcatbob who wrote (1264)	8/24/1999 6:31:00 PM
From: Veteran98	Read Replies (1) of 1326

I called the folks at GCR today and they believe FCP is moving on the basis of the it's Yemen property coming together. In any event GCR holds a US$2,000,000 convertible (at .36 Can) into FCP shares. Doing the math this is .36 into almost Can.$3,000,000 which is over 8,000,000 shares of FCP which at .69 is worth over $5,000,000. I believe GCR also has over $3,000,000 cash on hand which together with the $5 mil puts a value of over .60 based on cash value alone. The wild card is the GCR has continually stated that it is open to any substantial e-commerce deals and with GCR's war chest one never knows if one of them will plop into GCR's lap out of the blue.

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