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Gold/Mining/Energy : TRIVALENCE MINING

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To: Elizabeth Andrews who wrote (479)	7/6/2000 2:06:25 AM
From: mick	Read Replies (1) of 527

Liz, if you want a company with an excellent balance sheet, a history of 25 % annual growth over the last 5 years and which trades at 3x current earnings, check out Sino Forest (Tre.a on Toronto). They manufacture chips for the Chinese pulp and paper market. If you want a company with blue sky potential, buy TMI. The alluvial is growing enough to support base exploration. We know that there is source kimberlite (just gotta find the right one). We also know historically that the Guinea property diamonds are over 350 US$/ct which is twice Ekati.Production is lower of course, but I think they will be able to reach 100 Kcarats as sustainable within 2 years from alluvial. This should allow them to be profitable at about $ 0.5 eps which ignores any potential contribution from kimberlite mines. Play the short all you like Liz. There is roughly 10 k shares on the buy between current price and $ 1. Let me know how many you are going to short and I will get ready with my bid. Be careful though, there is only 25 k on the ask that are below $ 2 (don't know what is above). One thing you are right about TMI - it doesn't have any liquidity. Why should you buy Diamet ? Based on your logic, you really should buy Sino Forest (yes, it is one of my larger holdings). Be careful though, I heard that some Asian companies like to use "salted chips" from placer tree deposits. I think Sino is above board, but you never know. Cheers

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