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

To: Richnorth who wrote (628)	2/16/1998 1:29:00 PM
From: VAUGHN	Respond to of 1030

Hello Rich Regarding your question about the need for Mr. Farrel's services. In the wake of Bre-x, the market has only been prepared to even look at stories backed up by results in the field and big player participation and/or reputable report corroboration. Juniors will always need promoters to move their stock in the short term, but without results, the market is no longer prepared to support these plays for more than a few months, sometimes only weeks. Right now, most plays need to invest their $$ in the ground, not in a louder horn. The time will come again when companies will need to scream louder than the next guy to get the market's attention, but right now, most investors are only prepared to risk their capital on plays that appear to be legitimate and have a reasonable shot at success. GMD was and is one of those plays, but now they must attempt to shed any relationship they appear to have with anything remotely tainted. You need to be squeaky clean and be seen to be squeaky clean in this market. Dr. Webb lends his name to GMD's credibility, now we have a reasonable gold resource backed up by a credible consultant. We need two more ingredients. 1. A major showing serious interest or participation in Discovery, and 2. Real drill results on Royce. The market will return in short order if this can be achieved. Discovery alone will not move the stock up without a major or gold price increase in the near term. Regards