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Gold/Mining/Energy : Indo-Pacific Energy Ltd. (INDX)
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To: Geoffrey who wrote (357)8/26/1997 1:28:00 AM
From: John Sanz   of 866
 
Olex might be cheap (depending on where their acreage is located), but INDX is overpriced for sure. Look for example at www.mosaicoil.com. They have PRODUCING wells, they are INDX partners, but their market value is much less than that of INDX.

If this hole they are drilling turns out to be dry, the stock is going way down.

IMHO, INDX is overvalued by a factor of at least 2, TEPUF is undervalued 50% and DURAM is undervalued 300%. This is just what I believe after doing some homework and seeing what other (similar) companies are worth in the market.
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