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

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To: Michael Brody who wrote (42)12/10/1996 4:45:00 PM
From: Daytek77   of 308
 
Michael

I have some plausible explanations. On the trading front Yorkton (as usual has been selling relentlessly. On the fundamental side Casey tabbed this stock as his next Bre-x because Marmato could host 10-15 million oz gold maybe more. The problem is that to date there have not been enough results to justify that opinion. This hypothesis maybe correct however, wheb you are dealing with fairly low-grade gold in a declining gold market no one is going to jump in with both feet. This could change if they are able to substatiate the tonnage is there i.e > 100 million tonnes. This unfortunately will take lots of results. The stock merits watching but the key IMO is the results showing a growing resource.

Tony
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