Precious and Base Metal Investing Message Board

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Gold/Mining/Energy : Precious and Base Metal Investing

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To: NPValue who wrote (15043)	7/30/2003 10:03:41 AM
From: jimsioi	Read Replies (3) of 39344

NPValue, on IVN I'm with you; I think Friedland is going to hold out for higher prices, especially as there seems to be considerably more opportunity for reserve growth. What they need to do is spin off Myanmar operations so he can get the stock IVNHOE stock listed on the NYSE or AMEX. Also I'd think that other companies would be a bid slow to want to take over before all the infrastructure in in as the contacts and relationships Friedland has build with the Chinese and Mongolians are key. As to possible valuation, I noticed that the Mining site only put the value of the reserves at $12 billion. Think the stock is trading at about 16% of that....I put the reserve valuation closer to 30 million but use only a 5% transfer to stock value which would therefore be about $6 Canadian... As long as Friedland keeps talking........

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