Gold Reserves Limited GLR - TSE Message Board

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Gold/Mining/Energy : Gold Reserves Limited GLR - TSE

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To: The Vet who wrote (98)	7/21/1997 7:47:00 PM
From: Tim Cruise	of 406

Hello everyone. Wow, I can't believe it has been over a year since I posted on this thread. I too agree that at $8.85 Cdn the downside risk is minute. Having said that, if gold dips below $300 there is no safety for any gold company. Based on current reserves and o/s float I value this company at $14 Cdn per share. This is is a conservative estimate and bear in mind that almost all gold companies are trading at a severe discount which may or may not reverse in the short term. The big question is if the PDG and KRY deal gets straightened in favour of KRY, will Placer look at a GLR takeover to maintain a presense in the area, or will they takeout KRY. I believe that they won't want to deal with KRY and will look at GLR. Just my two cents and thanks for keeping the thread active .. Tim

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