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Gold/Mining/Energy : Canadian Gold Stocks under $5

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To: Rich Kaiser who wrote (99)7/28/1996 9:55:00 PM
From: Michael Markham   of 198
 
I dont know much but Don Farrell has stock options 65,000 shares in both companies(2.45 of LMX)and at $3.37 of GND and there is not much in the way of a short position. The Discovery mine project looks good on paper but where are they going to get the money for production or working capital? The figure of 5million tons seems consistant with the sulphide zones they drilled in the summer. In regards to LMX its some sort of oil exploration company can you fill me in on it. I am a buyer at present levels wihich I feel is good value of:
ACA GKM,VOY,WRM,ACA,CCH,MIM all listed in Toronto. Regards,
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