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Gold/Mining/Energy : Gran Colombia Resources Inc (TSE.GRM)

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To: Francis Scavo who wrote (91)2/17/1997 2:37:00 PM
From: Daytek77   of 308
 
Francis

As I have said before GRM is in same boat as some other juniors with low grade deposits in this environment wher Gold has declined from $418 last Feb to $345 today. They must prove tonage, metallurgical testing and development costs must be known. In other words there are many unknowns so it is not being purchased until these questions are answered IMO.

Tony
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