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

To: Elizabeth Andrews who wrote (2657)	3/22/2002 11:34:36 AM
From: TrueScouse	Read Replies (1) \| Respond to of 39344

Liz: Are you still following Gammon Lake (GAM)? I know that it had a lot of hype a couple of years ago, and you probably made a bundle shorting it! But it seems to have got an interesting thing going now. It has a possible JV deal with an Australian producer -- Bolnisi -- on its Ocampo gold/silver project in Chihuahua, which looks like it could lead to production and cash flow to GAM very shortly. Bolnisi had 60 days to do their DD before signing a letter of agreement, and as far as I know, that's up this Sunday (March 24th). So there could be a PR next week if it's a go. I spoke with GAM's chief geologist at PDAC and was quite impressed with the story, so I've taken a small (speculative) position. Any thoughts? Do you still think it's "going to zero"? :^) I'd appreciate comments form anyone who's familiar with GAM. Thanks, Howy