Precious and Base Metal Investing Message Board

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Gold/Mining/Energy : Precious and Base Metal Investing

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To: russwinter who started this subject	12/28/2002 12:36:10 PM
From: marynell	Read Replies (2) of 39344

Market caps during the last boom. It may be useful to review how large the market caps of some juniors were during the 1996 boom, with gold at about US$400/oz. When Francisco had only El Sauzal as a resource of what people thought would be 2.5 million ounces, their market cap was about C$300 million. Corriente had a market cap of about C$300 million with some big targets but little resource. Southwestern Gold hit a high of about C$28/share, but I don't know how many shares were out. I suspect about 10 million, which would give it a market cap of almost C$300 million. Please add your own input or memories here. It appears that C$300 million is a realistic target in a boom with a good property and promotion.

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