Millstream Mines (MLSM) Message Board

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Gold/Mining/Energy : Millstream Mines (MLSM)

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To: Morag who wrote (121)	6/15/1999 12:25:00 PM
From: Brumell	Read Replies (2) of 664

Hi Morag. Thanks for your post. Regarding your question: << Perhaps someone with more experience could review this and "project" the impact on future share price, potential price to earnings ratio. etc. An educated guess would certainly be useful - no hyping need be posted. >> At this point, I don't think anyone could predict impact on share price, etc. There are too many unknowns. While there is obviously some speculative premium, the question is how much is appropriate. We all have our own thoughts and that's what makes the market. FWIW my hunch is that we are currently on the low side so like you I was buying in the low 40s last week. My reasoning is simple. This property has shown it needs a real test and is about to get it with three drills operating. In addition to already promising results near the old mine, there are new targets that Quantec have located after extensive geophysical surveys. If drilling is successful, the property is already partially developed with an existing shaft, etc. Located near Timmins, there is good mining infrastructure and support nearby. The only question becomes what will they discover from drilling and how will it relate to assets in place. Fortunately, we'll soon be finding out as drilling has apparently just started. I'm optimistic and think a target price of $1.50 neat term is realistic. This is a VMS type deposit located in "bear" country, the home of other large orebodies. It's price could go much higher. Diamond drilling underway will soon tell us. At this point all anyone can offer are opinions, guesses and hunches. FWIW the preceding are mine. I've bought a stake and wait for the cards to be laid on the table... face up. Should be interesting. Bob

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