Winter in the Great White North Message Board

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Strategies & Market Trends : Winter in the Great White North

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To: marcos who wrote (1470)	9/27/2001 3:51:59 PM
From: tyc:>	Read Replies (1) of 8273

Hi Marcos, Did you see this news report ? (typed in a hurry from memory... check it out !) biz.yahoo.com OKtedi is carried on IMN's books @ C$76M (from memory), almost as much as IMN's complete market capitalisation of ~C$86M What's more to the point, I suppose, is that OKTL produces about 400,000 oz of gold every year, 18% of which (say 70,000 oz ) would be Inmet's. But put OKTL aside for a moment. I just sharpened my pencil on Troilus alone. There are ~1,000,000 ounces of proven and probable reserves there. If we divide that by the total market capitalisation, the market would be valuing it at only C$86 per ounce !!. How ridiculous can you get?

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