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Gold/Mining/Energy : TRIVALENCE MINING

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To: Elizabeth Andrews who wrote (479)7/6/2000 12:47:21 AM
From: Claude Cormier  Read Replies (2) of 527
 
Eliz,

Of course TMI is no Dia Met. Still, I thing your suggestion to short is premature.

Company..Market Cap....Annual Sales....Cash flows

DMM........$C540M.......$220M.........$60M or so
TMI........$C23M........$22M..........$4-6M or so

TMI is much smaller, but is on the tract to be more profitable at the same time it has much more leverage.
They have excellent growth potential and may well discover something extremely valuable that could change their big picture. Their reserves can support current production rate for 30-60 years. So no need to say that they will expand at a 100% annual rate in the coming years.

For sure French Guinea is not Canada. But it is a very stable country with no major political problem. I know a few who worked there.
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