Micro-Fine Gold Plays - Franklin Lake, etc. Message Board

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Gold/Mining/Energy : Micro-Fine Gold Plays - Franklin Lake, etc.

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To: Chuca Marsh who wrote (111)	12/10/1996 3:58:00 PM
From: Richard Mazzarella	of 615

Charles, I will admit to not having any skill in price evaluating mining stocks. I just took their production numbers and assumed a profit of $150/oz with their announced cost and reserves. 5 years still gives $2/yr earnings. Teach me how to value these guys if you don't agree. I bought 4k yesterday @ $0.11 and the same today at $0.14. Not that much for a gamble (it's almost not worth the discussion). I had a limit order in for $0.12 for awhile, but bumped it up when 2 trades bought at $0.14. PS, Charles, where did your message go?

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