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

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To: Greg R who wrote (219)12/30/1997 8:42:00 PM
From: The Vet  Read Replies (1) of 406
 
Even if gold was $200 an oz GLR is way undervalued just on a reserves basis alone. Any price below $5 CAD just had to be a give away and you can be sure all of the majors with cash in their pockets know that as well as you or I... Gold still takes $20 to $25 USD an oz to find and prove up any economic deposit. Proven reserves at anything cheaper than that is money in the bank!
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