They picked up 41,000 out of balance 125,000-84,000. It is a start.
Speculation of this sort has to many variables. The money, the length, if it is an option,equity purchase(PP). One thing is important if GHE gets jv, program(s) will get kick start again. As far as I know C. never dropped its recommendation(at 1.20)and many want to believe that this house has the best "knowhow". Someone said 3.60 if they get 1,2mln oz. I wrote couple of days ago 6mln can be a possibility.
Than calculation is simple from there. For now the delinquent filer issue is cleared, as promised.
Robert
News release for today:
The Company advises that representatives of major mining companies have recently visited the Company's gold exploration project at San Jose de Gracia, Sinaloa State, Mexico.
The Company has received indications that certain of these companies may be interested in participating in the ongoing development of this project.
No agreement has been reached nor is there any assurance that any agreement will be reached.
Investors will be advised of any material developments.
The Company also advises that it has filed with regulatory agencies audited financial statements for the year ended February 28, 1997, and for the three months ended May 31, 1997, which have been the subject of a series of delinquent filer notices in recent weeks.
On Behalf of the Board
"Ian D. Brown"
Chief Financial Officer
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