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Gold/Mining/Energy : GMD RESOURCE -- Ignore unavailable to you. Want to Upgrade?

To: VAUGHN who wrote (985)	12/29/1999 8:19:00 PM
From: Dave R. Webb	Read Replies (1) \| Respond to of 1030

Vaughn I'm a bit confused here. First, where does the US$310+ per ounce cost of production come from? That figure is at least 50% higher than any of the mines in the NWT on a cost per tonne basis, and 100% higher than many of the mines on a cost per tonne basis. Second, there was a news release out on Discovery, and the share price moved. Several days later there was a project update report out on the Royce Group, and the share price remained flat. Naturally, you determined that the earlier share price move was related to the second (as yet undisclosed) news release. I can't follow your logic. Please compare news release 213 October 26, 1999 to news release 217 December 21, 1999. Is there any substantive difference with respect to the Royce Group? Vaughn, I appreciate your observations, and I hope you accept my questioning your conclusions. Please continue to point out suspicious or questionable activities. I'll try to answer or investigate as required. Dave