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Gold/Mining/Energy : Gold Reserves Limited GLR - TSE
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To: Syncrude who wrote (189)12/15/1997 5:44:00 PM
From: Greg R  Read Replies (1) of 406
 
I wouldn't expect the price to get back to $6 at this time. Gold is lower than it was in November and so low that people are closing mines as opposed to starting up new ones. My assumption is that it would be awhile before GLR's find would be exploited and thus the dampened effect on the price. There is no profit in GLR's near future.
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