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Strategies & Market Trends : Ride the Tiger with CD
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To: Cogito Ergo Sum who wrote (84620)6/5/2007 11:53:00 PM
From: rubbersoul   of 312838
 
Al,

Re: SCM

I've been trying to look at the bright side:

SCM has about a 33 or 34 million dollar market cap (using in-the-money diluted capitalization),7.4 million cash in the bank, another 10 million coming this winter, and enough cash to take them through 2008. They have a tight share structure(approx. 20 million)and own their own drill. It's my understanding that SCM have "identified an area of 500 meters X 500 meters with well over 100 meters of continuous mineralization (depth) running at grades over 1 g/t AU" (225m @ 1.05 gpt, 108 @ 2.04 gpt). There are also higher grade shoots intruding the area running at grades 4-19 g/t AU. It's reminiscent of Guyana Goldfield's Peter's Mine south of Million Mountain. A NI 43-101 compliant resource estimate out by the summer should help, along with more results which I'm hoping we get soon.

BTW, Richard Russel was talking about the Black Swan tonight ;O)
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