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Gold/Mining/Energy : GEOMAQUE
GEO 15.22+4.4%Nov 14 4:00 PM EST

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To: smokey w. who wrote (15)8/12/1997 2:20:00 PM
From: Rick McDougall   of 260
 
RBCDS gold review rates geomaque as a top rated "1" (strong buy) in the Tier III group of companies.
Tier I strong buy is Freeport, Tier II is Goldcorp & for emerging producers, likes Gold Reserve. No strong buys for exploration companies altho has rated Gitennes & Ouraminas as "2" (buy).

GEO 1 year target of $5.00 & 2 year target of $7.00.
Shares O/S 46 million, market cap $147.2MM, market float $106.0.

Positives as follows:
-expected to double production from San Francisco gold mine in Mexico
-plans to increase mineable reserves at SF mine by at least 25% and overall resources by 68% to 1.2mm oz by year-end 1997.
-excellent management team with a proven track record

Negatives as follows:
-present small market cap could present liquidity concerns to certain investors.
-At present, the company is a one-mine producer.

Rick
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