Lytton Minerals Message Board

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Gold/Mining/Energy : Lytton Minerals

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To: VAUGHN who wrote (9)	8/28/1997 5:29:00 AM
From: Blue	of 92

The weakness in the stock is worrisome. Been away from LTL watch for awhile...just looking now. Do you think their pipes are uneconomic? Other reason for weakness might be the market's realization of just how little of MPV/GHM's huge windfall Lytton will wind up with, even though it owns 36% of GMH. 36% of GMH is about 14.6% of the AK/CJ claims. Monopros has 60%. That leaves Lytton's share at 5.84%. If that property comes to be worth $2 billion, Lytton's share is valued at $117 million. Since this is a best case scenario you can easily see that Lytton at well over this in market cap...Lytton is more obviously overvalued when the REAL SUCCESS comes as opposed to the blue sky future. Why not invest in something with a little more leverage. I mean with 100 something mil shares out you won't get much POP out of this one. Unless of course their own pipes pan out...do you think they will? What gives with the stock price? I've been looking over some of the things you've written and you sure know a lot! Back on this abandoned thread and looking for interesting thoughts... Also what of KLA, your thoughts there.

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