Gold Reserves Limited GLR - TSE Message Board

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Gold/Mining/Energy : Gold Reserves Limited GLR - TSE

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To: lloyd who wrote (31)	2/2/1997 9:19:00 PM
From: Francis R. Biscan Jr.	of 406

For another small start up producer, check out Cadre Resources (CSL.V) & (CDRUF, it is about a week away from trading on BB). The company just announced a financing to dramaticly expand production on it's Venezuelen concessions. Net revenues expected to reach $5.00 U.S. a share in one year, going up from there. They are currently testing the first dredge on the property and have reached a depth of 200 feet. The president is Page Chilcott, former chairman of the VSE. The main company maker is Stan Sandner, formerly worked for placer Dome and I believe Gold Reserve. He has been working in Venezuela 20 years. One of the directors is Allen Ambrose of Minera Andes and N.A. Degerstrm. The test work on the concessions involved N.A. Degerstrom among a few others. Company phone 1-800-883-3188, Ask for a 1997 business plan.............Rich

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