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Gold/Mining/Energy : NDT VENTURES
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To: Elizabeth Andrews who wrote (934)1/4/2001 10:07:48 PM
From: russwinter   of 992
 
25.6 million out times 15= US 2.6 million

Cash is about US 2 million. Enterprise value is 600 K.

It would cost them 11.15 million to buy in to 80% (1.6 million) of a two million ounce deposit, and they need to spend 2 1/4 million on the project. Certainly a three or four bagger (@ 275) is achievable if cash costs were even 150.
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