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Gold/Mining/Energy : Ivanhoe Mines (IVN.T > formerly Indochina Gold)
IVN.TO 14.02-2.7%Oct 31 9:30 AM EDT
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To: Bruce Robbins who wrote (24)3/12/2002 9:05:17 AM
From: NPValue   of 51
 
Bruce, I thought the press release yesterday about the resource estimates was very encouraging.

I still wish they had less than 171,000,000 shares outstanding. The recent addition of the 35,000,000 million shares was basically Friedland's bailout of ABM - the acquisition of which I wonder if they now regret.

For the stock to really go northward, I believe that the central, north, and south sections really have to deliver the goods - say, to the tune of 1.5 billion tons. If continued drilling discovers that level of resource, this is a $20CDN stock.
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