mineral exploration and development

Romania, Hungary & Brazil - N.I. 43-101, 5.09 M oz & inferred 5.66 M oz of Gold plus 175.0 M lbs of Copper .

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Message: Lots of OZ's in the ground

Lighned up on EXN last day and have taken an initial position in Carpathian.

Lots of work ahead of them but sure seems cheap @ this point. .3X NAV.

Deno G.

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