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

To: VAUGHN who wrote (855)	2/11/1999 11:04:00 PM
From: Dave R. Webb	Read Replies (2) \| Respond to of 1030

Looks like a December 97 release. What happened to those targets is precisely what was to happen. Ground geophysics to confirm and then drill. The only difference is 1 year and $8.7 million. The one year we had, the $8.7 million we didn't have. The go slow, no money approach was forced on us. With the tremendous support of some creditors and investors, the project has been advanced. The results speak for themselves....in a language a growing number understand. The Dighem Airborne magnetic and electromagnetic survey is tried and tested.....it can find kimberlite. Till sampling, although tedious and painfully slow, not only helps find kimberlite, but properly interpreted can give advance information on the likely grade of the kimberlite, and aspects concerning the preservation of any diamonds. All pretty neat stuff considering extremely few outside the rarified halls of academia, and only a few within those halls had even an hint of what this stuff meant just 10 years ago. Some of those who have been steeped in this include the same MJS who signed that old news release, and his cohorts. I think you should look at the data that has come out, and compare it objectively with other companies. Look at the ownership structure of and the location of the properties. In speculative investment Lieshman, Kaiser, and other analysts and news letter writers suggest that the three things you should look at are the people, the people, and the people. Then look at the project. Royce is delivering top quality indicators, supportive of diamondiferous kimbelite in specifically targeted samples that were collected immediately down-ice of top-ranked geophysical targets. These indicators include the highest total counts from the property to date, both in the fine and the coarse fractions. The indicators include pyrope, chrome diopside, ilmenite, chromite, and olivine. Plus, these indicators have proximal surface textures. The entire company has a market cap of about US$4 million. I like the way this sounds (I'm very biased though). Oh ya, and there's that gold mine too. Dave