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Gold/Mining/Energy : Colossal Resources - CLPZF - Colbalt in Zambia
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To: Francis Scavo who wrote (327)7/23/1997 4:53:00 AM
From: Steve Huskey   of 501
 
Let's see:

160t x 1100 lbs/ton x $10/lb x 12% Cobalt x 12 months

divided by 13M shares is around .19 cents/share.

The key number is the actual profit. Also the company has other expenses. But that may be offset by the copper in the ore and incresed production. They just started producing. I would assume the production should increase over time.

The final FD shares may be around 14 or 15M. That sounds about right.
I dont know if the price will go much below 1.00. That seems awful cheap.

Steve
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