Holmer Gold Mines Message Board

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Gold/Mining/Energy : Holmer Gold Mines

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To: lorne who wrote (687)	10/1/1999 2:29:00 PM
From: Hans Nonchen	Read Replies (1) of 739

Hi Lorne, the current market cap for Holmer is ~4.75 million. They have proven reserves in Timmins of 500,000 oz. If we assume that all other properties (including the silver mine in Cuba) are worth $0.00, it translates to approx. $9.50 per oz. in the ground. Is this the average price that values of mining co's are calculated by? If not, what would be a fair value? Hans

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