BRE-X, Indonesia, Ashanti Goldfields, Strong Companies. Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : BRE-X, Indonesia, Ashanti Goldfields, Strong Companies.

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Edmund Lee who wrote (11)	6/19/1996 7:30:00 AM
From: Karl Zetmeir	of 28369

Just a couple weeks ago, analysts were saying BXM was "priced as though it had 20M oz" ... or words to that effect. The price at that time was on a dip at about C$19 or C$120. Based on that, I calculated that analyst had valued those 20M oz at $160/oz in the ground ... pretty high for reserves! At C$32 and 62M oz ... the "in the ground" value is $82.89 ... more realistic to my understanding. I arrived at that figure: 220,000,000 shares X C$32 X .73 (exchange rate) / 62,000,000 oz.= $82.89 Still ... the "leakage" from insiders suggests 100M oz ... nice dream!! <-- holder of BXM & BSR

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next