Goldminco Consolidated Mining Corp. GMC (was GMO) Message Board

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Gold/Mining/Energy : Goldminco Consolidated Mining Corp. GMC (was GMO)

GMO 0.0121

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Jan 21 4:00 PM EST

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To: Obie who wrote (523)	6/17/1997 8:00:00 PM
From: Obie	of 588

I guess everyone is still in shock about today's activity. Only 50,000 traded though... Just a few thoughts for those of us that are want to wait this one out. One hole was drilled from Posie. I have been analysing previous news releases from GMO: January 16, 1997 - The anomoly at North Posie is considerable larger than that at Posie. March 6, 1997 - the mineralization at Alaska is many times higher grader than Posie or Posie North. I guess the main fear today was that not in the value of the gold anamolies, but the lack of gold in the rock between 5 and 42 metres, and 45 and 78 metres. In the news release of January 7, 1997, Pit No. 1 was excavated at 8297030N. The pits extended northwest to Posie North and Alaska. The first drill hole was at 8296716N, which is southeast of the first pit reported. Therefore, we based upon these facts, drilling hasn't occured in the highest mineralized areas yet. Our hope is that the veins do not continue to be this narrow going northwest. However, imagine a river going into a lake syndrome... there are a lot of holes to come. I believe that most of the institutions that didn't dump this stock today realize this. Don't give up...(you still have friends) Just my humble opinion and observations if anyone is interested. Best regards, Obie

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