MPVIF Mountain Province Mining Message Board

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Gold/Mining/Energy : MPVIF Mountain Province Mining

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To: james flannigan who wrote (1728)	6/5/1999 10:40:00 PM
From: skelly	Read Replies (1) of 2577

Current estimates of value of 4 pipes is approximately 4 to 5 billion dollars. (US) The # of shares O/S of mpv is less than 50mm. Assuming 50mm shares and buyout at $15 (CAN) amounts to 750mm Can. Which roughly is about 500mm US. This is about 10% of estimated insituate value without taking into account what is yet to be found or any value to two new pipes already found. Only thing holding Debeers back right now is that they also want to control WSP if WSP proves up. Just my opinion. cheers

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