Elizabeth:
I don't know for certain whether Larry Abraham was paid for his
write-up. I suspect that most newsletter writers get paid for
their support of a stock. Those that don't, mention it specifically
(such as Doody- Gold Stock Analyst).
Irregardless, a mention of a stock is just that: a call to do one's own due diligence. After you review the basics, including
1) Management: superb, with a long list of wins as far
as finding and developing world-class orebodies (Eskay creek and Arequipa, e.g.)
2) Property: Mt Kare clearly has world-class potential, with
drill results to date showing excellent gold and silver content.
The up-coming resource calculations will help. An independent
company, Watts, Griffis, and McOuat is currently conducting an independent resource calculation. See Madison's last release.
Mt. Kare is immediately adjacent to Placer's Porgera, which has
a 20 million gold resource. Based on extensive drilling results,
Mt. Kare appears very similar to Porgera, and may contain at least
as large a resource of gold and silver.
3) Madison continues to drill the property in order to expand the
resource calculations. Their goal is to prove up a truly world-class
resource at Mt Kare.
4) Finally, it is likely that they will sell off the property
once they have developed some impressive numbers and when the
time is right. This could be sometime in 1999.
5) Funds: they have adequate funds to continue the planned drilling
for at least another year.
Regards
Dan |
