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

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To: The Vet who wrote (100)7/23/1997 7:03:00 PM
From: Tim Cruise   of 406
 
Thanks Vet ... Indeed, my valuation of $14 CAD was based upon old reserve figures! Since then the reserves have gone from 6M to 7.30M. Wow. Nonetheless, I don't think that any takeout play by PDG in the area is obvious. We were down this road before when GLR was trading around $18 CAD. I will stand on the side lines but keep a close eye. Maybe I can cherry pick my way back in somewhere closer to $8. Boy, what fun that would be!! You never know in this market. Good luck, Tim
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