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Strategies & Market Trends : Trader J's Inner Circle -- Ignore unavailable to you. Want to Upgrade?

To: LTK007 who wrote (13680)	4/29/1999 11:46:00 PM
From: Note bene	Respond to of 56535

Check out GSL on Toronto. Huge gold find (maybe as much as 20 million ounces.) Stock closed at 52 week high -- Cdn$1.70. Present reserve estimate is approximately 7 million ounces but should expand quickly. Approx. 50 million shares outstanding. Value the gold conservatively at US$25 per ounce (at a later stage proper valuation would be $US50 since the extraction costs should be quite low, much like ABX's mine in Peru that it received when it purchased Arequipa). At ten million ounces shares are worth minimum CDN$7.50 for a 4+ bagger. At 20 million ounces shares are worth CDN$15.00 for an 8+ bagger. If gold price rises, so will valuation. 3 drills going and regular results are being announced every few days. See the Greystar website on SI for more detail and drill results. Do your own due dilly. Good luck everyone.