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Strategies & Market Trends : Strictly: Drilling II

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To: gold$10k who wrote (24748)1/3/2003 9:10:34 PM
From: John Dally  Read Replies (1) of 36161
 
Hello Kastel & valutrader,

I've been buying this one too.

MR's 50% of Cerro San Pedro had a NPV of $18.6m at POG=$275. Now, with gold $75/oz higher, those 800,000 ounces will bring in an extra $60m. And that's just one piece of MR's portfolio.

MR's market cap is around $26m.

The data is on Glamis' (owner of the other 50%) web site:

glamis.com

Best regards, John.
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