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

To: VAUGHN who wrote (606)	2/7/1998 8:41:00 PM
From: Surething	Read Replies (1) \| Respond to of 1030

Hi Vaughn. Your opinion is sell or JV the main valuable asset and keep 100% of a relatively unexplored diamond property. In my opinion it would be foolish of GMD to sell off the family silver at this point in time so to speak. And it would be wise to do a joint venture on the Diamond property. Do you honestly think in today's gold market that GMD would be offered a fair price for the Discovery project? You are correct though when you say the window of opportunity is closing for this years blue Sky potential on the Royce properties. Perhaps GMD and a new JV partner should immediately carry out a slective drill program on the most promising targets and shelve their more expensive exploration plans. best wishes Surething