Strictly: Drilling II Message Board

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Strategies & Market Trends : Strictly: Drilling II

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To: Claude Cormier who wrote (25174)	1/9/2003 1:52:49 PM
From: Frank Pembleton	Read Replies (2) of 36161

...yeah agreed about TNX, expensive-- but it's a pretty good trader, for those of us who daytrade. - question... do you follow Gabriel Resources? Sonita Horvitch from the Financial Post did an interview with a fund manager from BMO -- they like the stock saying that GBU has "one of the last large accessible ore bodies in the world." -- end of quote. The ore body is a 10 million ouncer in Montana-- the stock has a market cap of about $440 million which prices this company at $8 an ounce in the ground-- I also believe they have well over $70 million in cash. There are some resettlement issues, but it certainly looks cheap here. - - About my strategy going forward...I don't know enough about this sector to make any kind of high risk bets on these so-called drill plays, sure I'll miss the 10 and 20 baggers-- but I don't need them to make myself wealthy. Regards, Frank P.

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