Namibian Minerals Corporation Message Board

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Gold/Mining/Energy : Namibian Minerals Corporation

NMR 6.950

-0.4%

3:59 PM EST

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To: PHILLIP FLOTOW who wrote (92)	12/13/1999 12:21:00 PM
From: Dan P	Read Replies (1) of 124

Phillip: I think those numbers of earnings estimates are somewhat on the low side. In July 1999, David Williamson and associates estimated the following; Production: 1999 ---- 260,000 2000 ---- 413,000 2001 ---- 642,000 Earnings: 1999 ---- US$.42 2000 ---- US$.65 2001 ---- US$.87 I suspect that the actual earnings will be closer to Williamson's numbers. a 20 multiple on $.65 should get us to about $13 US by mid-year 2000. In Fact, the reported 9 month earnings report was US$.42 , for the period ending Sept 30, 1999!!!! Already exceeding Williamson's numbers. I expect to see the stock at $20 US within 1-2 years. In the meantime, DeBeers has finished its correction, and is moving up. It is interesting to see that the two stocks correlate well in performance. I.E., if DeBeers sneezes, it looks like NAMCO gets a slight cold. Cheers Dan

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