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Gold/Mining/Energy : Gerle Gold - GGL -- Ignore unavailable to you. Want to Upgrade?

To: kidl who wrote (627)	8/16/2003 8:02:26 AM
From: james flannigan	Read Replies (2) \| Respond to of 641

Drilling to start today.Lets hope the step-outs hit kimberlite,if so as John Kaiser thinks that we could have a stand alone mine of greater value than Kennady lake.This event IMO would change the economics of MPV and GGL.It could well signal a go ahead for FS.After that I would guess Debeers would tie up 100% of both projects.I feel MPV stock net present value to be in the C$4.00 range.As for NPV for GGL we will have to get caustic fusion and estimate the tonnage to come up with NPV.Either way I think that GGL is worth at least C$1.00 now.IMO both stocks will make major upside moves as the market realizes that Debeers is going to put many millions of dollars into the KL FS.Both stocks are cheap.