Gold Reserves Limited GLR - TSE Message Board

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Gold/Mining/Energy : Gold Reserves Limited GLR - TSE

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To: Jason Marcotte who wrote (11)	9/12/1996 12:43:00 AM
From: Andrew G.	of 406

Jason does GLR have PR people who pay Ron Adams to toot his horn ? Where does he come up with the $20 figure. It's not that I doubt it's worth $20, in fact, I think they're worth a lot more. They claimed on 9/9 that " The current estimate of the gold/copper deposit is 5.5 million ounces of gold and 726 million pounds of copper." They then reiterated that statement in their report today. It would seem that they need to revise it upward, don't you think? With $27 million in cash, no debt and all that gold and copper, I can't help but think they are worth much more than $20.

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