GEOMAQUE Message Board - Msg: 13812387

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Gold/Mining/Energy : GEOMAQUE

GEO 14.93

+0.6%

Nov 12 4:00 PM EST

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To: russwinter who wrote (180)	6/1/2000 3:17:00 PM
From: Claude Cormier	of 260

<< What's your assessment of the value added discovery potential at the new project?>> Vueltas del Rio has in excess of 900K ounces in geological resources. And more can be discovered. However, there some base metals zones that have been put on the back burner. For sure there is potential, how much is uncertain. With gold at $325, more ounces will come in the proven and probable category. I think the way to look at this is from a cash flow point of view VS current market cap. Asumning gold $275. Cash flow form Vuletas, if all goes right, will be $C8-9 ($0.17/share) for the next 7 years or so. Cash flow from San Francisco could be enough to pay back all debts in the next 14 months. But as we know, things can go wrong.

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