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Gold/Mining/Energy : Micro-Fine Gold Plays - Franklin Lake, etc.
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To: Victorio who wrote (311)1/29/1997 7:44:00 PM
From: Alan Vennix   of 615
 
For those of you who have been following the IPMCF thread, there has been discussion of an "index" that tracks the 5 major MF companies, sometimes termed the "Desert Dirts", sometimes termed things less complimentary.

What follows is an initial attempt to do that for CHIP, GPGI, IPMCF, MXAM and NAXOF.

Market Indices for the basket of 5 "Desert Dirts" have been calculated for three different investments.

(1) MARKET CAPITALIZATION (DDI-CAP) - Assumes $1000 invested equally in the 5 stocks on the basis of the market capitalization of the stocks as of 12/31/96.

(2) EQUAL SHARE AMOUNTS (DDI-SHR) - Asssumes $1000 invested by buying equal number of shares in the 5 stocks based on their 12/31/96 closing prices.

(3) EQUAL DOLLAR AMOUNTS (DDI-DOL) - Assumes $1000 invested by buying equal dollar amounts of the 5 stocks at their 12/31/96 closing prices.

Initial values for the three investments were calculated as follows:

STOCK__________CHIP______GPGI______IPMCF_____MXAM______NAXOF
MM SHARES ________8________20__________18_________45___________25
12/31 PRICE_______1.44_______1.63_________4.38_______0.16_________3.50

"CAP" SHARES___36.79______91.98________82.78______206.94_______114.97
"SHR" SHARES___90.11______90.11________90.11_______90.11________90.11
"DOL" SHARES__139.13_____123.08________45.71_____1250.00________57.14

With these share amounts, index values were calculated as follows:

DATE__________"DDI-CAP"________"DDI-SHR"_________"DDI-DOL"

DEC 31___________1000______________1000________________1000
JAN 3_____________982_______________980_________________920
JAN 10____________954_______________940________________1001
JAN 17____________817_______________818________________1022
JAN 24___________1003_______________988________________1266
JAN 29___________1118______________1090________________1486

Market cap index is most influenced by NAXOF, followed closely by IPMCF

Dollar index is most influenced by MXAM since it was bought @ 0.16 $/share and has had the most share appreciation since the first of the year

I'll update this set of indices on Friday and see where it leads us. Would welcome any and all feedback.

Thanks to CL for suggesting this.

Al
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