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Gold/Mining/Energy : Gerle Gold - GGL
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To: Barb Giommi who wrote (145)9/4/1997 2:06:00 PM
From: Al Krasberg   of 641
 
Talked to the Gerle IR guy this morning.

He said that Monopros has targets on Gerle property just a few hundred meters from MPV's pipe #4, and confirmed again (I asked last friday) that Monopros is moving one of the diamond drills from the MPV property south onto Gerle property next week.

I'm a long term MPV/CFV shareholder, and a brand new GGL shareholder.

Assuming MPV's AK-CJ will become a diamond mine(s), just one good pipe near MPV pipe #4 would probably be economic, as it wouldn't have to bear very much of the development costs. Anything else would be gravy.

I see GGL as a great play at the moment. It is selling at 1/5 the MPV price, has twice the action (40% vs. 20%), and has about 10% fewer outstanding shares. That gives GGL more than 10 times the leverage of MPV. A pipe or two on the GGL side of the line would reward GGL shareholders quite handsomely. Kimberlite pipes come in clusters, and there's a beauty just 300 metres away!
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