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Gold/Mining/Energy : GEOMAQUE
GEO 14.93+0.6%Nov 12 4:00 PM EST

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To: Claude Cormier who wrote (193)11/23/2000 12:45:22 AM
From: TrueScouse  Read Replies (1) of 260
 
Claude:

I just listened to a recording of the conference call for GEO's 3rd quarter results and an update on their properties. Interesting stuff...

The bit I liked the best was a statement that the new Marathon Pd deposit (palladium + platinum + copper + other credits), if converted to gold equivalent, would be about 6 million oz AuE. So it's BIG! And there's a lot more exploration to do on the property.

The previous work on it (40,000 m. drilled) was done in the 80's, with Pd less than $150/oz, so they're starting a new scoping study immediately to review the economics of the project at current Pd and Pt prices.

If anyone's interested in listening, the call takes about 30 minutes, including questions from analysts: "A rebroadcast of the conference call can be accessed between 1:00 p.m. on November 20 and 11:59 p.m. on November 27 by dialing 416-626-4100 and entering the reservation number 16959728 when prompted. The call will also be archived for access over the Internet at www.Q1234.com."

Regards,
Howy
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