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Gold/Mining/Energy : Gold and Silver Mining Stocks

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To: tyc:> who wrote (1749)	7/27/2001 4:32:54 PM
From: baystock	Read Replies (1) of 4051

< IMN has a market capitalisation of C$76 million (@ today's C$2.35)*> Yahoo profile shows 36.4 million shares outstanding @ C$2.45 (which is today's ask price or what you got to pay if you want to buy) = C$89 million or approx. U.S. $60 million. <Are forward sales @ $340 an asset or a liability for this marginal mine ?> definitely an asset...so much so that this is no longer a marginal mine for as long as they are hedged. A marginal mine is one that is barely making a profit or losing money.

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