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Gold/Mining/Energy : TRIVALENCE MINING

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To: Phil Cressman who wrote (478)	7/6/2000 12:19:28 AM
From: Elizabeth Andrews	Read Replies (4) of 527

In my humble view, this is a short. Investing is all about finding the best relative value that is the most liquid. TMI fails this test, I think. For example, sales for the quarter are $7 million by way of selling 12,000 cts or so. Net income is a question so the stock may be selling at 29X earnings or so. Take a look at Diamet. In the latest quarter Ekati produced 619,000 cts which sold for an average price of US $168 per ct. Diamet had (equity) earnings of C$ 24.5 million and I think the stock sells at 12x earnings. Why would I buy TMI? What about the country risk? Phil, give the noggin a shake, this puppy is going down. Time for all the non-luthers to sell. As you have said, they already own it all so it's a private company. If it's such great value the insiders should buy the rest of the float and save us the misery of reading the news releases. By the way, you could also check out Aber which has a real resource. It's undervalued, TMI isn't.

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