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Gold/Mining/Energy : ECU Silver Mining Inc

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To: Mr Metals who wrote (304)	4/5/1999 9:10:00 PM
From: Bill Murphy	Read Replies (1) of 672

MM, At times I have invested in all of them and still carry a good sized position in GSR. GSR has such incredible assets. I will hold on and look at it like a call on the gold market. The bottom line is that we need a $50 gold move up for the juniors to be viable long term. GSR can sell assets our drastically cut its $400,000 per month burn rate. It will have to so in 2 months ( my guess ). I still don't understand how Greenstone and Dayton went from the penthouses of juniors to the outhouse so quickly. I have heard the reasons, but I just shake my head. Bill

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