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Gold/Mining/Energy : Precious and Base Metal Investing

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To: austrieconomist who wrote (22302)	10/16/2003 1:40:29 AM
From: Elizabeth Andrews	Read Replies (7) of 39344

The market cap on Ivanhoe is now so ridiculous that it is an ominous sign for the speculative market in general. I had to short it today, I just had to. Compare it to Falconbridge. FL market cap= C$4.3 billion with working capital of C$900 million and cash flow of C$500 million/yr. IVN market cap C$2.8 billion with nominal working capital and negative cash flow. It will take years and many dollars to get this to property to produce one buck. The Mongolian Bubble! It can't possibly be worth 82% of Falconbridge, can it? Sell, sell, sell.

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