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Gold/Mining/Energy : GGFI-GUYANA GOLDFIELDS
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To: E. Charters who wrote (175)11/9/1997 3:51:00 PM
From: CLK  Read Replies (1) of 259
 
Thanks for noticing the thread and making a comment. I have talked to him alot and he is quite serious. He is down in Guyana right now. As you know Cambior has the Omai mine not that far away and I believe they are keeping an eye on the progress. Right now the next step is to clear the road so they can get in by land and not have to go in by boat as they do now. There are drills on site. I think the real problem here is not seriousness at all. I am convinced he is honest and trying to do the best he can in a remote location but one which has old mines all over the place. The real problem is that it is in a remote location and the second real problem is that in this gold market it is obviously going to be not that easy to keep raising money. My view is that it is rather long term accumulate type of situation for the patient fairly long term gold bug type. I will be watching to see how you do on your own mining venture and wish you good luck. I enjoy your knowledge and "attitude". Keeps things interesting.
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