Lomiko Metals Inc. Message Board

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Gold/Mining/Energy : Lomiko Metals Inc.

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To: Bob Bryenton who wrote ()	5/24/1996 11:29:00 AM
From: Bob Bryenton	of 34

1. Central California Area where drill indicated geological resources are estimated to be 350,000 ounces 2. Realito alone could contain a mineral resource in excess of one million ounces 3. Yacki River and power grid on property so infrastructure to mine is there As of May 25 Adrew Hunter of investor relations estimates 750,000 oz of gold 130,000,000 oz of copper One way to look at this is if you take the estimates as actual (not a good Idea) ($Gold/oz - $150.00) * # oz ---------------------------- = $/share # shares ($390.00 - 200.00) * 750,000 -------------------------------- = $5.27/share + copper 27 million Another way is to apply a value of oz in the ground. If we say that gold in the ground is worth $40 US then ================ Market Capitalization 37.9 Million or 1.20 per share Canadian Market Cap with valuation of current gold reserves at $40 US per ounce 54.8 Million or 1.75 per share Canadian Market Cap with valuation of current gold reserves plus 25% of additional 4 million expected reserves (to be proven) 137 million or 3.50 per share Canadian Potential Market Cap given 5 million oz at $40 US per ounce 548 million or 17.35 per share =============== If you believe this the share price of this stock should be at least $1.75 with the potential to reach $17 They are actively drilling, and I would expect we could see some drill results in early to mid june.

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