Tokyo Joe's Cafe / Societe Anonyme Message Board

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Microcap & Penny Stocks : Tokyo Joe's Cafe / Societe Anonyme

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To: JEB who wrote (34)	5/23/1998 4:15:00 PM
From: Andrew H	Read Replies (3) of 8798

Some more speculation on MINE copied from the MINE thread: To: Claude Cormier (2950 ) From: Andrew H Saturday, May 23 1998 3:22PM ET Reply # of 3026 Kind of passed by this the first time I read it. Let me see, according to these calculations of 1B for 6--7M indicated, then if it turns out Guido is correct about the 78+M indicated,MINE should be worth about 12B, is that correct? That would be about 150/share using the figure of 80M shares. To: Andrew H (2934 ) >>From: Claude Cormier Friday, May 22 1998 8:43PM ET Reply # of 3016 << If these guys have 1/10 of indicated or inferred, the big boys would be crazy not to buy them out asap, before more is proven >> I agree with you. Barrick Gold bought Arequipa before they had proven reserves. At the time of purchase 6-7M ounces were indicated. Barrick paid $1B for these ounces. << On the downside, I have been informed that the fully diluted share count is more likely in the area of 140M instead of 80M. So the 150/share price in my calculations should be reduced to about 87/share.

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