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: John W Murphy who wrote (535)	6/20/1997 11:19:00 AM
From: richard badauskas	of 588

From my discussion with management of GMO I had the impression that a lot more work had been completed than just one hole. The impression I was left with was that they may be able to set up an operation to produce 25,000 ozs a year. Tambanis is looking at purchasing a 350 t/p/d plant. The operation itself would be a small open cut type of operation with just simple equipment and a few workers. Do you have any information about the geology of the property? GMO refuses to give out any data about this aspect of the program, I consider this a negative as it makes it very difficult to evaluate the stock, North Queensland is known to have many small patchy shows operated on a shoestring, this appears to be another example. However I'll leave my money in Charters and watch what happens at GMO.

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