Gold and Silver Juniors, Mid-tiers and Producers Message Board

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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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To: kayco who wrote (62801)	1/10/2009 11:23:44 AM
From: Claude Cormier	1 Recommendation Read Replies (1) of 78419

Again I suggest you consider RIC instead of (or in addition to) MTO. MTO has potential indeed. But for the same enterprise value (enterprise value = market capitalization minus cash on hand), you get 75,000 ounces of production per year with RIC instead of 25,000 for MTO, RIC has also better gold resources and a much better balance sheet. Finally, MTO has heavy dilution of 20-25 millions shares at or below $1. RIC has a very clean capital structure with only 26M shares out. If you are not afraid of political risks, then DMM is the best play on the market right now. Woth looking at their fundamentals.

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