Flag Resources (FGR.A A) Message Board

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Gold/Mining/Energy : Flag Resources (FGR.A A)

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To: Patricia L. Toope who wrote ()	11/2/1998 4:16:00 PM
From: RJ2	Read Replies (1) of 4269

The assays of the last news release were just what we needed to here, the OGS and the lab assays were legit. The pall was 5.5 grams per ton that makes it a commercial for mining since Gold and Pb. are about the same in price on the world markets. The newest business paper in Canada had a write up on the intrinct price of Gold in the next 3-5 year period, "2000 dollars an oz". Russia wants to back their currency with Gold, the Euro and also other nations are looking at this propostion. It can't get any better looking for a company that can drill half oz gold assays and improve their reserves on a steady basis. One hole assayed on the McNish in June/98 20-30% sulphides, they drilled 48, 200ft. holes, I wonder what that could represent?? $$ We at least know there is 1 commercial mine and its only a short time before a discovery of another proven mine happens. Best of luck!!

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