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Gold/Mining/Energy : RED EMERALD RESOURCES
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To: kidl who wrote (522)6/23/1999 8:21:00 AM
From: hugh thorne   of 862
 
I wish they would remind everyone that the numbers could be pretty explosive.

1.7 million tonnes @ 23 grams per tonne and with a gem resource yield of 1.75%, as the study numbers roughed out, we get some 650,000 gemstone carats. At US$ 1,000 per carat and a 51% holding we get an undiscounted number of some CDN$ 45 per share.

Given the stage, a price of 20% of full value would seem consistent with the market pricing models. Voila......... CDN$ 9.50 or so.

Don, get out there and spread the word!!!!!!!!!!!!!!!!!!!!!!!!!!!
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