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Gold/Mining/Energy : Any Good Penny Resources Left? -- Ignore unavailable to you. Want to Upgrade?

To: paul s. who wrote (436)	10/30/1997 1:17:00 PM
From: James N. Wilson	Read Replies (1) \| Respond to of 753

Hi Paul - I feel that at or near C$1.00 levels GME-V would seem to have little downside risk with explosive upside opportunity. The Glimmer mine is ontrack to produce 65,000 - 70,000 ounces per year. With cash costs of US$205 the cash flow to Glimmer will be significant with only 5.4 mil shares FD. Have been a GME shareholder for about 3 years. With a little luck and stronger gold prices this one could easily be at C$5 + levels. The company doesn't have a website but for more info I would suggest calling Richard McCloskey at (416) 364-2173. good luck, james