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Gold/Mining/Energy : Flag Resources (FGR.A A)
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To: koan who wrote (3245)5/25/2000 8:52:00 PM
From: Berry Picker  Read Replies (2) of 4269
 
Actually a combined value of less than 1/2 gram at these depth is in fact economic. In fact, 1/4 gram is worth mining and is "economic" but it is not what the market wants or is looking for.

The news release got screwed up on Canada Newswire !

Other than that it was easy to read and very concise and clear.

What bothered me was reading the first few lines and seeing very low values. The point however was not to brag about the values near surface but to show the consistent ( homogenous ) increase as it went deeper and the fact that there was 35ft ZONE of really good values.

This hole was not a "glory" hole designed to hype the public.

It was in TRUTH the discovery hole and was drilled prior to IP studies which show other "sweet spots"

Some may argue that Murdo should not have even put it out but that is more of a "stock price" mentality rather than an honest mining report. Murdo has been trying to develop a MINE not pump out stock and hype the public.

That is why so many of those who hold Flag are willing to suffer these price swings and continue in "faith" because they see a play that is different than most.

You own many stocks and that is wise - just don't dump out Flag because things are not being fluffed up by hired public relations firms who don't give a damn about anything but the near term price of the stock and turning a quick buck.

I am here to make money not invest in Canada's future but I do see a potential for gain equal to or greater than those seen recently in some of the other plays in this area.
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