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Gold/Mining/Energy : RADAR ACQUISITIONS CORP. RAC ON THE A.S.E.
RAC 10.390.0%Oct 28 9:42 AM EDT

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To: beach$ who wrote (32)10/27/1999 1:53:00 PM
From: rdww  Read Replies (1) of 56
 
okay - I see how you did the #'s - but that's not enough data to really say that. If this was a VSE stock - you wouldn't get caught saying that. You need to have the detailed met work released as well to say $250MM or else it's just pie in the sky. Take a look at SDD.vse - over $100MM insitu as well on a very small amt of their property - but no met work and they need more drilling to confirm that this is economic despite the 37% copper chinmney pipe and all the consulting engineers reports saying this thing is great!
So once RAC can show the other half of the value pie - then we're talking. Need to figger out the cost to remove overburden, plant setup + recovery facilities, hydro, mkt contracts and shipping. The minerals mkt is a lot harder to sell than a gold property and has to have more details to release than you have done to date.
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