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Gold/Mining/Energy : Micro-Fine Gold Plays - Franklin Lake, etc.

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To: Alan Vennix who wrote (526)3/22/1997 10:04:00 PM
From: Alan Vennix   of 615
 
To all interested parties - DDI update:

DESERT DIRT INDEX VALUES AS OF MAR 21:

DATE__________"DDI-CAP"________"DDI-SHR"_________"DDI-DOL"

DEC 31___________1000______________1000________________1000

JAN 31___________1087______________1053________________1411

FEB 27___________1387______________1278________________2042

MAR 7____________1979______________1797________________4188
MAR 14___________1712______________1583________________3466
MAR 21___________1601______________1563________________2489

NOTE: For the week, IPMCF was the only one up (+10%), with NAXOF flat, GPGI and CHIP down 7% each and MXAM down a whopping 42% !!

BACKGROUND

Market Indices for the basket of 5 "Desert Dirts" have been calculated for three different
investments.

(1) MARKET CAPITALIZATION (DDI-CAP) - Assumes $1000 invested equally in
the 5 stocks on the basis of the market capitalization of the stocks as of 12/31/96.

(2) EQUAL SHARE AMOUNTS (DDI-SHR) - Asssumes $1000 invested by buying
equal number of shares in the 5 stocks based on their 12/31/96 closing prices.

(3) EQUAL DOLLAR AMOUNTS (DDI-DOL) - Assumes $1000 invested by buying
equal dollar amounts of the 5 stocks at their 12/31/96 closing prices.

Initial values for the three investments were calculated as follows:

STOCK__________CHIP______GPGI______IPMCF_____MXAM______NAXOF
MM SHARES ________8________20__________18_________45___________25
12/31 PRICE_______1.44_______1.63_________4.38_______0.16_________3.50

"CAP" SHARES___36.79______91.98________82.78______206.94_______114.97
"SHR" SHARES___90.11______90.11________90.11_______90.11________90.11
"DOL" SHARES__139.13_____123.08________45.71_____1250.00________57.14

With these share amounts, index values were calculated as above.

Market cap index is most influenced by NAXOF, followed closely by IPMCF Dollar
index is most influenced by MXAM since it was bought @ 0.16 $/share and has
had the most share appreciation since the first of the year
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