Exall Resources/Glimmer Resources Message Board

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Gold/Mining/Energy : Exall Resources/Glimmer Resources

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To: Winzer who wrote (553)	4/15/1998 12:03:00 AM
From: James N. Wilson	Read Replies (1) of 1319

<Development vs Production - When mining there are two options. Either you do your development in ore or in waste> Winzer, The above leaves me a bit confused, would you mind giving me a few more details to clear this up? I have a few more shares to buy so about mid summer would be okay with me! That would work out nicely for the next reserve update which is expected in June. With the two new zones perhaps we could be on the way to 750,000 ounces. Just wonder if that mill is still for sale, it does look like they will be needing it soon. At some point it would not surprise me to see production ramped up to 100,000 oz per year. GME shares at $0.90 seem attractive - I added a few more to the PF over the last several sessions. james

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