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Gold/Mining/Energy : Geodex Resources - GXM.V (was Agate Bay ABE)

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To: Baywall who wrote (127)5/23/1998 4:30:00 PM
From: Hugh M.   of 210
 
Leonas, I am thinking about taking taking a position in this company, could you please confirm a few items for me.
1. Kaiser at one point thought this could be a $10.00 stock, based on the pre-consolidated ABE shares, and the potential of Chimborazo. Will the company let the option on this property expire, or is it still in its active stable?
2. When Inmet was involved, 3 million US was mentioned as the amount needed for option payments and drilling funding. Is this still correct, and if so, what do you think the chances are of them closing such a deal?
3. Is there a possibility of a new jv partner for this project, it would save a lot of dilution. That copper property had amazing potential, and was even written up in Investor's Digest, do you still feel it has the same potential?
Sorry to put you on the spot, you seem to be very current on company news. Any information you can provide will be appreciated.

Hugh

That sounds like an interesting book, could you share the title.
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