ORXX - Orex Gold Mines Corporation Message Board

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Gold/Mining/Energy : ORXX - Orex Gold Mines Corporation

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To: STOCKWOLF who wrote (8)	8/30/1999 9:43:00 PM
From: Zeev Hed	Read Replies (1) of 2392

Stockwolf. I am interested in finding out how you arrived at a great value of $1 per share. That would means that the company is worth some $25 MM. If from your discussions with the company you are persuaded that they have about a 5 million ounces of gold reserves extractable at profit margins greater than $25/ton, I could accept this valuation. But I have not seen any claims that there is any estimate of proven reserves coming even close to that, nor have I seen any indication that the extraction process contemplated will indeed be yielding these kind of profit margins. Do you have such data? TIA Zeev

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