Gran Colombia Resources Inc (TSE.GRM) Message Board

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Gold/Mining/Energy : Gran Colombia Resources Inc (TSE.GRM)

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To: Sun Tan who wrote (161)	4/10/1997 8:39:00 PM
From: Michael Brody	of 308

Sun Tan, I beleive the current climate created by BXM have only served to supress any positive market reactions. I have to say that i beleive GRM's deposit is very misunderstood. It is a low grade bulk tonnage deposit with higher grade intersections. It is not the type of deposit that tends to excite the current market but I beleive in the long run it will prove profitable especailly with all the silver credits which will help to defray future mine development costs, etc. As i said before, the company is totally non-promtional but in this sceptical atmosphere that is a plus in my opinion. If BXM turns out O.K. and GRM continues the slow steady path to proving up their deposit i believe future valuations will improve. Remeber also that the POG is not helping low-grade bulk tonnage deposits. Just look at all the trouble a great co. like BGO is having convincing the market about Cerro Casale, etc. That is well on its way to being 30 million ozs. most of it proven but low-grade. Hope this helps. if i were you I would continue to hold GRM and hope that the two factors that i mentioned improve. sorry for the long post.

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