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Gold/Mining/Energy : Precious and Base Metal Investing

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To: jimsioi who wrote (15048)	7/30/2003 12:09:29 PM
From: Silver Super Bull	Read Replies (1) of 39344

Jims, RE: "I noticed that the Mining site only put the value of the reserves at $12 billion." My interpretation from reading the article is that this value is for the Far North Zone. RE: "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..." I think you meant $30 Billion <g>, which is what I seem to recall. Didn't Friedland in one of his presentations quote that a typical advanced stage deposit would go for 10% of contained metal value? Don't quote me on it, though. If the 10% is typical, one can do the math and see that a takeover at 10% could result in a multi-bagger from here. Of course this isn't necessarily an advanced stage discovery, so you may have to discount more, but then again it has growth potential and potentially excellent economics. Just theorizing, not pumping... DB

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