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Gold/Mining/Energy : Gran Colombia Resources Inc (TSE.GRM)
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To: Jeff Redman who wrote (37)12/7/1996 6:03:00 AM
From: Eric Rojas   of 308
 
Jeff, the time window to get on GRM is before January/01, news will be posted on Jan, I expect the sotck to perform equaly or better in 1997, last time I spoke with Mr. Iacono, he indicated that he would be disapointed if they don't prove at least 5 mill oz in Marmato, this would put the stock value at 5 to 6 dollars at least (stripping ratios are zero). So at 1.30, is a bargain!!, I paid 1.62...I may average down on this...remember that in 1996 the stock traded over 4....also, when Conquistador starts drilling Marmato, you will see a lot of interestes in GRM, one of the weakest areas in GRM is the lack of promotion, I guess they feel that hey don't need it since they have all the money they need (over 12 mill).
Eric
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