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Gold/Mining/Energy : Geodex Resources - GXM.V (was Agate Bay ABE)

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To: fivedollar who wrote (29)5/31/1997 2:37:00 AM
From: keith massey   of 210
 
good point

I don't think they have the $3 mill. However, I was told by the IR that they have enough to start the drill program and get some results released. The signing of the option agreement should bring coverage from some newsletters. They have been working on pp for some time. If the results are decent they should have no problem getting the money. As for the hold up in the agreement, I understand it is some possible enviormental problem that could arise on the far end of their property due to some leaching bed. They want cyprus to cover any clean up cost that could come up. As for the prior claim to the land, this is news to me and I would be interested in any further info on the subject.

Best regards
KEITH
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