Gran Colombia Resources Inc (TSE.GRM) Message Board

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

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To: Eric Rojas who wrote (23)	11/9/1996 9:17:00 PM
From: Michael Brody	of 308

Eric, Talk about being all over the place ! Anyway, to try to answer a few of your many questions. Doug Casey publishes his own investement newsletter which is called "Crisis Investing". Ihave been a subscriber for a year or so but have read several of Casey's books which explain his investing"philosophy" more completely. I admire the man and find his investing as well as life views in some accordance with my own (although he is wealthy and i only hope to be). As far as BB vs. Casey goes, I sometimes wonder if they flipped a coin to see who would reccommend which stock in their newsletter. I met Bishop once at an investment conference and found him to be arrogant and impolite. I think you are absolutely correct about Bishop's relationship with Mr. Madrid. He mentioned this somewhere but i forget. Doug casey was born into money but his track record has been to increase his inheritances. this is all detailed in his book "Crisis Ivesting for the rest of the Nineties". Perhaps you should read it if you have the time. Your analysis of the approximately 7 million ozs. is also spot on with one other plus. According to the recent agreement between CQL-GRM, GRM(GCRI) has the one time right to force CQL to buy out their 24% share for cash per percentage point of ownership. The larger the deposit the more CQL must pay for each percentage point. In the best case scenario(over 7.5 million ozs, I think ), CQL pays 250,000 per point 24 x 250,000 = 6,000,000. I would keep the gold but its nice to have options. With GRM this is looking less and less like blue sky. If you haven't seen them I sugggest you see their drill and trench results. They are dead on target to fit the theory behind this deposit. I believe GRM is very undervalued considering where they are in the exploration process compared with CQL. Hope this isn't too wordy wordy but as you can tell I have a substantial investment in it. regards, Mike

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