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

To: Dave R. Webb who wrote (638)	2/16/1998 10:28:00 AM
From: VAUGHN	Read Replies (3) \| Respond to of 1030

Hello Dave I was wondering when management was going to clarify the companies position and intentions? I was going to ask Walt this question but if your still lurking and prepared to offer answers it would be appreciated. 1. Last week's announcement: Category Tonnage Grade OPT Contained Gold Ounces of Gold Measured and Indicated 2,851,000 0.148 421,000 Inferred 2,579,000 0.46 1,185,000/T/ I am not a geologist or I would probably know the answer to this question. Please explain to me and those of my ilk, how the "Inferred" grade can be assumed to be so much higher than the "Measured & Indicated"? Is it simply that most of the more widely spaced drill cores pulled that make up this "Inferred" estimate, happened to be higher grade than those pulled to make up the "Measured & Indicated"? 2. I interpreted Mr. Senn's announcement several weeks ago to state that there will not now be $$, or the same amount of $$, to spend on Royce Group Claim exploration this spring. Is this in fact the case, or will GMD continue with the program described in previous announcements for 1998? Your posting on these questions, and ongoing company activities over the coming months would be appreciated by all shareholders I am sure. Regards

To: Dave R. Webb who wrote (638)	2/16/1998 6:23:00 PM
From: Goldy	Read Replies (2) \| Respond to of 1030

Dave: I will remain anonymous, but I have lived in the NWT for approximately 24 years. I am fairly familiar with the Discovery property, as stated, but to be fair, only from reports by other 'northerners'. Similar to Hawkeye and LMX, GMD seemed to be an NWT 'hyped' stock, for better or worse. I do have geologist 'friends', and they tell me that the info put out to date is speculative, to say the least. That's not to say it isn't possible, but I would challenge that probable is a wee bit premature. I would further suggest that the short term prognosis on this stock is low until the climate for golds improves, and the fallout from management is forgotten. I'd further suggest proven results are years away, at best. Only my opinion, but that's what this forum is all about.... You mention your qualifications...which are?