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Gold/Mining/Energy : Exall Resources/Glimmer Resources -- Ignore unavailable to you. Want to Upgrade?

To: Winzer who wrote (722)	11/30/1998 12:12:00 AM
From: James N. Wilson	Read Replies (1) \| Respond to of 1319

Winzer - it's easy to see that both EXL and GME are great long term investments at these levels. At this time it would appear that production will easily meet the 65,000 ounce target for 1998. Perhaps 85,000 + will be the next step. Since you are the mining engineer and I'm the speculator will not argue this point. From what I understand many believe the mine life at Glimmer will exceed 10 years or more. Since our equities trade in C$ the cash flow number should be closer to $13.2 million. This gives the projected stock prices quite a lift as you can see below. 65 60 55 50 EXL $1.43 $1.32 $1.21 $1.10 35 40 45 50 GME $3.55 $4.06 $4.57 $5.08