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Gold/Mining/Energy : GMD RESOURCE -- Ignore unavailable to you. Want to Upgrade?

To: Dave R. Webb who wrote (449)	11/25/1997 8:53:00 AM
From: Richnorth	Read Replies (1) \| Respond to of 1030

Thank you for reminding us about GMD's diamond potential. O yes, I have already noted GMD's diamond potential in my post #431. Right now, a battle is being waged between gold and the US$ in the markets worldwide, but IMHO, gold will prevail in the end, perhaps not as spectacularly as in 1980 when it skyrocketed to US$800/oz! Regards, Richnorth

To: Dave R. Webb who wrote (449)	11/26/1997 11:22:00 AM
From: Rick Seavey	Read Replies (1) \| Respond to of 1030

I was hoping that someone would bring this up. As we all know the majors are not interested in any project that has less than a million ounces. I also suspect that this parameter has risen sharply recently. Their are several companies that I know of that have probable quantities of gold in the ground but are out of money and resources at the present gold prices to prove them up. Some of these may ultimately prove to contain well over a million ounces. It seems to me that this leaves a niche for a savvy exploration company that has some assets (read GMD) to acquire 50% or so interests in the best such projects for the promise of doing a certain amount of exploratory work over x number of years. If the price of gold did not return to former levels, the acquiring company could decide simply not to exercise its right and walk away with a minimal (or in the current market perhaps with no) outlay. One of the axioms of investing is that in every diaster there is also opportunity. I wonder if the folks at GMD view themselves as being able to take advantage of this possibily lucrative niche that others, either through lack of wont or money, are not currently filling? Am I missing something?