Geodex Resources - GXM.V (was Agate Bay ABE) Message Board

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Gold/Mining/Energy : Geodex Resources - GXM.V (was Agate Bay ABE)

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To: justaninvestor who wrote (15)	3/13/1997 2:33:00 PM
From: justaninvestor	of 210

John Kaiser has a section on ABE in his JAN-FEB 1997 Bottom Fishing Report. "Once the deal is signed and sealed, and there is no suggestion this may not happen, ABE will likely announce a financing to fund a US$3M drill program in 1997." He goes on to say that based on current reserves, ABE's share price would be $2.50 ($50M market cap/20M shares (after financing). Not too exciting, but he goes on to say that Jack Marr (the ABE geologist) will try to improve the grade by 20% and the recovery to 80-85%. If he can do this, the target would be $10 for ABE. They are also looking at projects in Mexico and SA, which, if they get one, will help to sustain investor interest. bbruin

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