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Gold/Mining/Energy : Gran Colombia Resources Inc (TSE.GRM)
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To: Phil Didaskalou who wrote (204)5/29/1997 9:46:00 PM
From: Michael Brody   of 308
 
Phil,
The future of GRM is now entirely dependent upon wether
or not they have an economic orebody. They are in the process of
determining this now. It is going to take a while. Obviously, they
have drilled a number of ore-grade intersection but an an
economic orebody it does not necessarily make. The stock is
going to languish unless CQL hits paydirt or the study proves that
the gold/silver is there in sufficient quantity to justify a mine at
the current prices. i will tell you that despite my own optimism I
did not sense the same from Steve Dawson. His tone was very
tentative and cautious. However, i consider him just that, very
cautious. I don't know if anyone really knows if the drilling to date
represents a mine. Draw your own conclusions from the data
presented so far, or wait it out. There will not be another way imo.
Best of luck.
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