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Gold/Mining/Energy : Precious and Base Metal Investing -- Ignore unavailable to you. Want to Upgrade?

To: gold$10k who wrote (1131)	1/12/2002 6:06:22 AM
From: TheBusDriver	Respond to of 39344

$300 would really make the chart of higher highs standout! Wayne

To: gold$10k who wrote (1131)	1/12/2002 11:37:19 AM
From: russwinter	Respond to of 39344

Credit for this GBG glean to Jack, interesting comments: Posted By: Bill G. Date: Thursday, 10 January 2002, at 11:44 a.m. Since GBGLF is up 13% today I decided to call the company and get an update. They think the price is up today because the price of gold is up. There is no change in their status. The joint venture partner news is still expected to come out around (about) the end of the January time frame. They are thinking of doing a report to inform the investors of the potential that GBGLF has to increase its reserves by over the current 1M oz found to date. A potential that they feel is not realized by most of those that have been looking at GBGLF. GBGLF has only been explored at a shallow depth, because that is the exploration they could do at low cost. It makes more sense to do the deeper exploration as they begin to mine the ore. Junior gold companies don't have large cash flows, before they start their mining operations, to do the deeper explorations. GBGLF does have $6M US in the bank to allow them to keep going for sometime. The Ken Snyder mine, located near by, is similar to GBGLF in its geology and grades. When the Ken Snyder mine did its initial evaluation they only found a resource of 1.7M oz. It was not till they started to mine the ore and looked deeper that they increased their reserves to 8M oz. So GBGLF has the potential to increase its reserves. I see that at the current bid price of 0.56 that I currently have 7.8% of my portfolio in GBGLF, as a result of its move from the low 0.30's. I will therefore not buy anymore shares unless perhaps I can get a few more at say the 0.51 to 0.55/sh range. (END QUOTE)

To: gold$10k who wrote (1131)	1/12/2002 12:38:11 PM
From: ralfph	Read Replies (1) \| Respond to of 39344

Hey Elizabeth who said < "I'm in the Au $340 club. I know that's not high enough to get male respect but it's high enough for me."> If the price of gold runs to 340 this year you will get more than some males version of respect. I'll send you a nice bottle of dry red wine. Cause I sure do not see it going there. Even if the American dollar is built on a foundation of sand. I wonder if the Argintine people will use gold as a investment stabalizer, barter tool.It would make sense to buy the stuff if your paper money was coming unglued. regards ralfph and you got my respect years ago and a few other posters as well.