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Gold/Mining/Energy : Gran Colombia Resources Inc (TSE.GRM)

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To: Daytek77 who wrote (14)11/9/1996 7:52:00 PM
From: Eric Rojas   of 308
 
Hey Tony, you and Saito are the "Thread Busters", my you are all over the place!!!, great, if you don't mind sharing with me your portfolio so I can stop looking the dogs and concentrate on the promising ones. About gran Colombia, see my note from a conversation I had with the Mr. Serafino Iacono last week in Toronto, nice fellow, what impressed me the most is the following comment "...there is gold all over the mountain in the Marmato property in the range of 0.5 g/t, we are concentrate in determining the high grade..." and the fact that the terms for CQL to earn 51% interest on Marmato implies a discovery of at least 3. mill oz and $2.5 mill of investement from CQL...well, looks like they got a good deal, if CQL proves 15 mill oz, then GRM gets the value equivalent of more than 3 million plus another 4 they have so far inferred...makes 7 mill oz...not bad (of course, this is blue sky stuff fot the moment, but that is the only context that we can compare these two explorations at this time).

Eric
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