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Gold/Mining/Energy : Gran Colombia Resources Inc (TSE.GRM)
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To: Peter who wrote (116)2/28/1997 8:46:00 PM
From: Michael Brody   of 308
 
Peter,
I wasn't trying to knock CQL as I pointed out in my post.
I could attempt to refute your arguments with regard to the two
but I think it would not serve any useful purpose. The only thing
you said which I disagree with strongly was about shares out.Yes,
Cql may have fewer shares out but their market cap is around 6CDN
times 20 mill which is about 120 million CDN. If you take GRM's
which is around 1.90 x 40 mill whichis eighty million. that's a 50%
premium. pretty steep imho. Also, remember it is alot easier to drive
up a stock sitting at 1.75-2.00 a share than to do the same with
one sitting at 6.00. Something to think about ? Finally, I agree
with you about IR at GRM. They are working on improving with a
website and e-mail planned.I also agree that CQL's overall land
package is highly prospective and in the long run should put them
in good standing. Final point, You mention that B.Bishop likes
CQL over GRM. Well, Doug Casey likes GRM over CQL. So who's right ?
Anyway, I think Casey and Bishop are kissin' cousins so who cares.
I don't know where you are getting your info. on the gold grades
as it news to me. As far as I know, CQL has not reported any drill
results at marmato yet have they ? Anyway, best of luck and I am
rooting for CQL as well since as you point out GRM gets 20% off the
top.
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