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Gold/Mining/Energy : Exall Resources/Glimmer Resources
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To: Winzer who wrote (742)12/30/1998 5:05:00 PM
From: CLK  Read Replies (2) of 1319
 
Yes, I think that figuring this one out is worth the time spent. Concerns are number 1 -Why doesn't GME get paid? 2 -What are the reserve estimates and 3- What is GME's Plan B? The second question is very serious because the first is not yet answered fully. If it draws out too long and the reserves get depleted you have nothing to show for your wait. So the reserves are critical..a few years mine life and the game is not worth playing. 10 to 20 years and it definitely is worth playing. Plan B would be useful to know because of the first two questions having the possibility or no return from the present game and it appears to me that GME is the way to play it leverage wise anyway. So it is a tricky game. I am often tempted to buy this but have not yet done so for the reasons I am mentioning here for discussion. The company as I said does not really answer these questions so perhaps the thread will help.
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