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Gold/Mining/Energy : Golden Hemlock(GHE)

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To: RMF who wrote (213)7/15/1997 9:09:00 PM
From: Robert Dydo   of 909
 
Hi MICAP
Sorry for getting between you and Frank but I read your post and I have few things to add. I also spoke with the guy and I do this almost every week. I heard this 5 to 10mln. too but I did not hear it from him. In fact I talked to him today and he said thatTeck's suggested 3-5mln on Tres Amigos and company thinks that whole property may have 10mln. That is very nice all together but even if they are right two cores will not support that no matter how good the results will be. Look this way if they change the status from probable to proven on 600,000oz and increase their potential for 1,5mln this should be enough for triple of Canaccord's $1.20(my own opinion). They will need plenty of money and time to drill out resource of 10mln. Than again market will take this two cores as open door for the great future perhaps and that is why everybody in GHE calls it opportunity at 0.70 and 0.80 range or 1.20 or more for that matter. I think they started drilling on June 19 because of the broken drill(s). The price of 0.70 cents does not reflect the action of the market. It reflects a seller of 3000 shares. We have to see the results and see what market will do with them to know if we have Mexican or Gold rush on our hands.
Regards
Robert
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