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

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To: TrueScouse who wrote (220)3/11/2001 12:57:51 PM
From: russwinter  Read Replies (1) of 260
 
<You were much smarter than me>

Howy, you're not the only guy in present company that is down on a gold stock, trust me. <g>

On the GEO web site there is a cross section that gives the model of what this drilling seeks to accomplish. One shows the G-5 hole and the other G-1. Those step out holes have to be considered a success because it suggests the grades are holding up and intervals are widening, and the dip is gentle to the west. Of course this will need to be confirmed by an in fill hole between G-5 and F-31. Looks like they already have that between G-1 to F-34, and the G-2, G-3 and G-7 should tell alot. I was already warm to the stock before this, but the cross section is what has me very bullish now.
geomaque.com

GEO should be cash flowing (Research Capital uses US $4.6)very nicely from the remaining SF gold and the new Vueltas de Rio mine as 2001 progresses. 2002 will really kick in at US 7.6. Market cap is only US 16 million (basic, looks like there is some in the money dilution but I haven't found full schedule?).They have some Rothschild debt to pay off, so 2001 work at Marathon is expected to be only a half million. But, then it should really start picking up and be a big 2002 story. Right now we're at the bottom of a great growth curve with real wild card potential. Just the kind of situation I like.
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