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Gold/Mining/Energy : Winspear Resources
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To: Buckey who wrote (7687)8/11/1998 2:40:00 PM
From: DueDiligence  Read Replies (1) of 26850
 
Thanks John, and yes, it's been tough going for all the companies doing business or attempting to do business in Russia. Small companies like GDB and MSQ spend a great deal of money finding and assaying the properties, and when it comes time to further prove or develop, the well has run dry.

I was recently turned on to Goldbelt (GDB), but they're a little to close to Moscow for my taste (Khazakstan) and I truly believe that Eastern Siberia (Yakutsk, Magadan) will produce some the world's best properties over the next fifty years. I realize this is a bold statement, but the communists were very tight-lipped about their resources - and incredibly conservative in their assays.

DD
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