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Gold/Mining/Energy : A "A" list of JR gold mining companies
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To: rainman who wrote ()10/10/1998 9:27:00 AM
From: rainman  Read Replies (4) of 169
 
As the person that started this thread I have been reluctant to post any companies as not to appear biased (ie. a self serving company promoter). But, because of the limited amount of time I have I am not able to follow or do DD on a lot of companies. I have been however been following a company very closely since April and have been keeping close tabs on their activty. I do own shares in the company I am about to post but do not provide any services or in no other way am I connected with the company.

In June the company had secured clear title to its properties located in Nevada. The expected cost of production may be around $123 per oz. At this point in time only 1% of one of the properties has been drilled. Based on these results and the prime location, the potential amount of gold thru extrapolation is 4 to 20 million ounces of gold. The range is quite wide at this point and obviously further drilling is required. The number of outstanding shares is 11 million.

Thru several sources I have been able to conclude that there is activity at the property ie. that some of the majors and investment firms have sent geologists to the area. As you might expect their conclusions are unknown at this point in time but the sense is "thumbs up". Environmental studies may still need to be done but this stock may be worthy of keeping your eye on. The company is EPAR. They do have a web site that may provide further details. epar.net
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