Gran Colombia Resources Inc (TSE.GRM) Message Board

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Gold/Mining/Energy : Gran Colombia Resources Inc (TSE.GRM)

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To: Phil Didaskalou who wrote (209)	6/9/1997 9:16:00 PM
From: Michael Brody	of 308

Phil, It is very hard to figure what is going on with GRM. Even if we assume that Marmato has no economic potential at all (which is quite an assumption imo.) GRM owns 25% of whatever CQL finds underground. Basically, from where i sit, the market is telling us that Marmato has very little value. I simply do not subscribe to that view. If CQL finds only 3 million ozs. out of a projected 15 million GRM's stake would give it a value of approx. 75 million, or about 2 or s o a share. It's hard to figure. Maybe, if CQL starts posting some good numbers GRM's fortunes will rise along with them. Personally, I think the upper Marmato has a significant amount of Gold and silver. I have to believe that someone is artificially supressing the price of GRM. Like I said, there signifcant stake in CQL makes them worth a heck of a lot more just by itself. Let's hope CQL gets good results. I am really amazed at what has happened to GRM. It is an incredible anomaly IMHO. What's your take on things ????

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