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Strategies & Market Trends : Ride the Tiger with CD -- Ignore unavailable to you. Want to Upgrade?

To: ralfph who wrote (45510)	3/14/2006 11:26:48 AM
From: ogi	Read Replies (1) \| Respond to of 312570

Hi Ralph, I met with Jim McDonald of GGC at the PDAC at the request of Loantech.I don't own it at this point. I have met Jim in the past with White Knight and National/Alamos and like him. He is very comfortable with the progress and plans for GGC right now. Expects by year end to be at maximum mill capacity. Will have three drill rigs running going forward. There have only been 4,000 m of exploration drilling since they took the property. It is reasonable to assume there are some big targets undiscovered. If they hit a large target they would probably bring in a drill contractor and delineate a deposit while they continue to do widespread exploration with their own drills. Pretty straightforward story, Jim's presence would give me some comfort as an investor. The rest is drills and the difficulties of mining. Did have a big run the last 3 months!! Cheers, Ogi