Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Golden Arch Resources---GAI.V -- Ignore unavailable to you. Want to Upgrade?

To: andre dallaire who wrote (244)	12/10/1997 12:30:00 AM
From: JR.	Respond to of 359

Andre, An interesting observation! I have been thinking along the same lines. The merger would create a large enough resource base to better handle these projects. They would also save on administrative overhead.One other thing they could look at is doing something with their mining assets.The way things are structured now the mining assets are not even shown in the price of the stock. One strategy would be to merge and spin off the mining assets into a pure mining company and everyone would get a fractional share for every share held in the merged company. We would all then benefit from owning a powerhouse oil company and a mining company with only a few shares outstanding. The mining company could then be able to move on doing some exploration. The oil company would be liquid enough for instutional investors and the promotion and focus of attention could be centered on one company with some muscle instead of two small contenders.(My opinion) Cheers, JR.

To: andre dallaire who wrote (244)	12/11/1997 12:50:00 AM
From: JR.	Read Replies (2) \| Respond to of 359

Check the news release put out by Roper Resources back in June of this year. They claim that gai and svv share 40783 tons of replacement reserves grading 0.356 oz/t gold, 8.65 oz/t silver, 10.92% lead and 12.55% zinc.They claim to have 3000 tons of ore stockpiled ore.They also have a mill within 30 miles of the Abbott mine. The price of silver has made a significant move upward and the other base metals at these concentrations would seem to be profitable to mine. The Abbott mine seems to be a rather significant asset that has been on the back burner too long. Any thougths? Cheers, JR.