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Gold/Mining/Energy : Solv Ex (SOLVD)
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To: JJB who wrote (3268)6/3/1997 10:41:00 PM
From: Gary L Schultz   of 6735
 
<If you do short please look at the capitalization of the Athabasca Oil Sand Investment Inc. to realize what your downside is against 4
billion in recoverable barrels on lease against 24m shares issued.>

JJB,

Don't forget about the 100 plus years it will take to recover the oil either. At SOLV's current rate of recovery, 100 years is very optimistic.

I would like the longs to enter into a meaningful dialogue about the "real" value of SOLV. Syncrude, who has similar holding isn't selling for 1000's of dollars, not even 100's of dollars. Why is SOLV so different?

Regards,

Gary
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