SI
SI
discoversearch

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.
Non-Tech : HIDDEN VALUE STOCKS
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: GC who wrote (17)12/5/2000 4:04:44 PM
From: Herc  Read Replies (1) of 47
 
I just ran the #'s on FCX, Freeport McMoran Copper & Gold, using its "recoverable reserves" of copper, gold and silver from its 1999 annual report, its LT debt from its most recent quarter, and today's spot prices for copper, silver & gold and come up with recoverable reserves of all three elements of $235.81/share AFTER subtracting the LT debt. And this includes deductions for their lifting costs of 33 cents/lb. of copper and estimates of 40% lifting costs for gold and silver. And the lifting costs for the gold and silver may be part of the 33 cent lifting cost for copper.

So FCX has recoverable reserves of copper, gold and silver of $235.81/share after debt and lifting costs. And it's trading for less than $9.

Go figure!
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News