iHub Mining Sector Entrance Lobby

[amarksp]

echarters, on another subject...

Do you have any opinion on GLR Resources:
"GLR Resources Inc. (TSX: GRS), armed with a substantial and easily-mined gold resource and a $12.4 million financing agreement, is about to make the leap from junior exploration company to a full-fledged gold producer. Once in production, the company expects to pay off its capital costs in less than three years. Operating costs are expected to be about $195 an ounce. Given present gold prices, this means GLR could expect pre-tax revenues of C$48.3 million, with an annual cash flow of more than C$9 million."...
"June 3, 2003 TSE: GRS
GLR ENTERS INTO GOLDFIELDS PROJECT FUNDING AGREEMENT
GLR Resources Inc. ("GLR") is pleased to announce that it has entered into a project funding agreement with Union Financial Services Corporation ("UFS") pursuant to which UFS has agreed to lend USD$12,435,756 to GLR to fund the construction and development of GLR's Goldfields Project."

Is this GRS Goldfields mine a decent gold deposit? Have you had any business dealings with Robert Kasner before?

Any comments on GRS would be much appreciated, and likely save me the trouble of further research... You can get further info at http://www.kasnergroupco.com Thanks!