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

To: Goldy who wrote (637)	2/13/1998 8:19:00 PM
From: Dave R. Webb	Read Replies (3) \| Respond to of 1030

Sometimes it's tough to stay away. I cannot comment on much that's been said, but when one purports to say they have "a fair understanding on NWT prospects" to qualify a statement that "DISCOVERY is an improbable venture at this point given the gold prices and likelihood of a further find in this locale" it is tougher yet. I'll tell you my qualifications, and post those of the geologists that have written the qualifying reports on Discovery and area. You can stay anonymous. Your comment on the price of gold is understood and accepted. In fact, its a common belief that the price of gold is indeed very low. Consensus on where it is going to be in 6, 12 or 24 months is harder to reach. Your comment on the probablity of further gold discoveries on the property is not a consensus belief. In fact, it's unique. Consensus on the possibility of further gold finds at Discovery are very positive. The Inferred Resource reported is huge, and the likelihood of moving some of this into Measured and Indicated, and of finding additional Inferred Resources is very good. Dave