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Gold/Mining/Energy : Inmet Mining.$$$$$$$$$$$
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To: Stephen O who wrote (4)1/22/2002 12:38:09 AM
From: tyc:>  Read Replies (1) of 42
 
Gold production at Troilus during the third quarter was 45,400 oz (cash cost $212). And they say explicitly that "production is expected to be maintained at these levels". So that makes annual production of 181,000 oz.

If we accept RBC's and JP's value of about $1 per share, that makes total value of $35,250,000. That means for every $1,000 of value, you get 5oz of annual gold production. Wow ! what leverage !!! That beats even your BHK.

Reserves are about 1,000,000 ounces.

It's late here... there must be something wrong with my arithmetic, but I can't see it ! Can you ?

Any comments ?
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