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

To: dara who wrote (32418)	11/18/2004 2:40:23 PM
From: Amark$p	Read Replies (1) \| Respond to of 39344

I might add that the 3 year term of the 1/2 warrant is a bit excessive, even by Bay Street standards... But IMO via cursory review of GGG market cap per PP+M&I ounce and also resource ounce as well as market cap per production ounce, GGG is a buy at C$1.68 or below. 10% reduction in market cap vs. 10% addition in shares. That said, I would much prefer to participate in this PP and get those 1/2 warrants for 3 year term and pay C$.73 than to purchase today at C$.68. However, note that I just purchased a very small number of GGG shares at C$.68 and will likely buy more if it goes under C$.63.