Gold City Mining - John Chapman, President Message Board

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Gold/Mining/Energy : Gold City Mining - John Chapman, President

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To: Francis R. Biscan Jr. who wrote ()	9/17/1997 12:58:00 AM
From: Joel W. Grothendick	of 15

Rich, I've been following this company for about 6 months now and was thinking of starting an active and more comprehensive thread than what is available. It looks like you beat me to the punch. I have made some buys in the last week or so and consider this stock to be a bargain at the current levels. Imo, this should be a winner in the nearer term as well as the long term. The dramatic decline in the stock price after the failed financing was/is only a temporary setback. "this central mill idea is similar to the project concept of Keystone"....... It looks to me that they are almost duplicating the concept of Keystone and with the experience of Keystone some of the mistakes made will be avoided. Gold City through John Chapman has assembled almost the exact same Cazador team that was responsible for the successful Keystone. Management has a proven track record and has the reputation of being thorough and accurate. With the proven resources and probable resources not to mention the other exploration worthy areas on the properties it should be just a matter of time to get the $ necessary to get the ball rolling. With the volume picking up it is also m.o. that something positive will happen soon. Although there isn't much cash in the kitty drilling and exploration continues. With the extremely positive results of the St.Elias trenching at their Cranberry Ridge property which adjoins gcp's Dell property ( with evidence that the same fault runs into this property ) one might speculate that there has or will be a major discovery. With the ongoing efforts to get financing one might also speculate that something is happening there. Time will tell. Imo this project has a huge reward potential with less than the usual associated risk. I have a pretty good wealth of information on gcp and will be glad to share what I can. Regards, Joel P.S. - I wish that Cadre was a bit more liquid at this time as I would like to roll some more $ into this one. At least the potential is still good there so I don't feel so bad.

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