Rubberman's picks for the second half of 1998 Message Board

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Gold/Mining/Energy : Rubberman's picks for the second half of 1998

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To: zonkie who wrote (348)	12/26/1998 4:58:00 PM
From: E. Charters	Read Replies (1) of 405

George Kent is a personal friend of mine and an old SFX grad. He found that property and optioned it to Hemlo. Subsequently he got it back and optioned it to Exall. Exall has shipped ore to St. Andrews for a year and bit and done well. They used to say they had 250,000 ounces. Now Glimmer is suing Exall to get 56% of the property citing some irregularities in the JV with Glimmer. GK is confident they will win and get the %age by February. Now it is ~rumoured~ that the property has 2,250,000 ounces in all categories, proven, probable and inferred! If this is ~true~ then Glimmers %age is worth a lot of money. the stock is 86 cents and there are only 5 million shares out as far as I know. Do the math and the win has to be worth double digits. Like 500 million US by traditional methods of valuation. (50 dollars an ounce US). Even if you use 30 bucks US it is big stuff. You get 12 dollar stock CDN. GME/VSE EC<:-}

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