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Strategies & Market Trends : Natural Resource Stocks

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To: gold$10k who wrote (3704)	11/20/2003 11:45:46 PM
From: crustyoldprospector	of 108604

" I couldn't find anything I wanted to either add or sell." I want to sell everything, but no one wants to give me the prices I'm asking ... yet. <gg> Newmont drilling off 600 holes at MDW's main property now. If the resource calculation comes in at the "minimum threshold" of 3 MM oz, the 30% MDW owns would be worth $36MM if you assume a value of US$40/oz in the ground. With 17 MM shares out, that is a US$2+ value, with another excellent prospect (Spring Valley) in the works. IMO all the numbers above will prove conservative, but we should probably know within 6 months. At US$1.13 today, smell a 3-5 bagger here within 12 months. FWIW, crusty

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