ECM.VSE - El Callao Mining. Message Board

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Gold/Mining/Energy : ECM.VSE - El Callao Mining.

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To: Brian Gerbozy who wrote (909)	8/29/1997 7:44:00 PM
From: virginijus poshkus	of 1253

Brian, as soon as a deal takes place on Star, Bgo will focus on ECM and the share price will erupt like a long dormant volcano. I am raising my estimate of gold to 5mm with ecm's share at 70%. At 3.5mm ozs, a value of $35 to $40 would seem to be logical since the street will now be aware of this play. So the bottom line looks like this. 43mm shs fully diluted times $35 equates to a $140mm market cap in US dollars. this is $5 a share in my book. these are trying times but the guys at the SOGEN funds quote of the day is "gold will rise again". And these guys are not know for their wishful thinking but for their rational thought process. vargas

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