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Gold/Mining/Energy : Gold and Silver Mining Stocks

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To: russwinter who wrote (1013)	5/17/2001 8:14:19 PM
From: Elizabeth Andrews	Read Replies (1) of 4051

There's lots of things that could explain the geochem anomaly, one of them being a buried deposit. C$2.2 million market cap is not cheap for a dry hole. I'm following this and waiting for a drill hole. Prudent speculating? I'll bet if they hit you'll get a chance to buy a wad at a C$10 (C$ 80 cents) million market cap. The question is: will the drill hole provide a sustained rally. A deposit of 10 million tonnes of 10% zinc equivalent would have an in situ value of US$ 1 billion and a present value of maybe US$ 55 million. the stock would be worth C$7.50 plus and it won't go there in a straight line. There's usually lots of opportunity after the discovery hole.

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