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Gold/Mining/Energy : Geodex Resources - GXM.V (was Agate Bay ABE)
GXM 0.130+4.0%Nov 3 5:00 PM EST

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To: E. Charters who wrote (184)11/15/1999 11:50:00 AM
From: Baywall  Read Replies (1) of 210
 
Eric Charters,

Thanks for reply, its been lonely here for the past year. I will look into your mining newsletter. So many of them out there, thus the focus on picking winners to gain readership.

Now Geodex. No one stated that an orebody exists, just the possibility. If was that easy, my money would flow.

I think would be best to wait for brokers to pick up this story. Next two weeks they will be receiving detailed info. on this property, and we will let them analyze. I will post their reports as soon as get. If none pick up, then that will speak for itself.

Mineralization discovery is the first step. I would be curious about how far this outcrop extends and whether, if lucky, an ore body exists. No previous exploration. Maybe wait for first drill results. The company feels the 5 holes will be enough to determine if anything worthwhile exists. If so, then the only question will be how much and whether it will be economical which will be proved up with further drilling. A speculative play may be possible if preliminary drill results show good values. Only 1 in 5000 discoveries turn into a mine. The odds will always be against junior miners, although like Teck and others, some beat the odds.

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