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Gold/Mining/Energy : Savanna
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To: waldo who wrote (68)6/30/1998 10:25:00 AM
From: waldo  Read Replies (2) of 192
 
The Nugget Effect

I have been researching the Suriname projects as of late for these reasons:

1) My broker informed me that 2 well respected gentlemen in the industry (one a placer expert) have shown interest in the project, and are waiting for an engineering report from a Denver based company.

2) It is my understanding that their initial interest came from the discovery of a 22 ounce nugget near the surface.

3) Producing gold for $100.00 to $150.00 near surface seems like the best way to finance the bedrock exploration to see where the source of this high grade ore comes from.

4) The company has 2 alternatives to explore the bedrock...equity financing (too dilutive?) and bringing in a major by way of a joint venture.

I am looking forward to the report as I believe that the Denver based company is on the property this week. Any comments?

Waldo
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