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Gold/Mining/Energy : GGFI-GUYANA GOLDFIELDS -- Ignore unavailable to you. Want to Upgrade?

To: Bruce Little who wrote (223)	5/3/1998 2:48:00 PM
From: CLK	Respond to of 259

I have asked that question and the best approximation is 2.5 - 4 mil. That is worth narrowing down. I think a resource estimate is currently in the works and will be released sooner rather than later. The trading appears controlled as it usually does on COATS..that is why they need to GET OFF OF IT. I feel very strongly that THAT is the key to having this succeed..otherwise we are at the mercy of the trading professionals and will usually lose. However none of that changes the fact that this is a way to buy a lot of gold per share. The recent trade of 400,000 shares at .65 was a placement type cross and now the stock is probably going higher. There are only 7.8 million total so the market cap is quite small if you figure a million ounces is highly likely in this belt and given the size of the land position which is substantial. One has to buy this on the offer usually because it is rare to get any on the bid although a friend of mine did get some after a week of waiting. If the Euro is gold backed as I am convinced it will be, this will be a very good investment over the next few years.