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Gold/Mining/Energy : Gold Reserves Limited GLR - TSE -- Ignore unavailable to you. Want to Upgrade?


To: Johnnyboy who wrote (281)7/21/1998 9:04:00 AM
From: Check  Read Replies (1) | Respond to of 406
 
The way I see it, book value means nothing when you have an uneconomical project given today's metal prices. Cash is King, so let's hope they don't blow it unwisely.

Who did you talk to at the company? Can't blame them for being a bit discouraged. By my calculations, they would be making about $ 35 an ounce, hardly worth it.

Check it out.