TO ALL:
DESERT DIRT INDEX VALUES AS OF SEPTEMBER 5:
NOTE: A relatively quiet week for all five DD Index stocks. MXAM held even with all the others down slightly, with CHIP being the only one to show a double digit decline (from 1.0 to 0.84). The other four all seem to be in a holding pattern waiting on company news releases. IPMCF is expected to release BD results soon on recovery process and fire assay testing for Chain of Custody (COC) samples, GPGI holders are awaiting news on additional shipments of product to Englehard for refining, NAXOF expects to have results from Ledoux on COC samples provided by BD, and MXAM is gearing up for the newly installed vibramills to become operational. CHIP appears currently to be reacting to NAXOF news, although shareholders are still expecting to hear about the spinoff of the mining operations and the resumption of testing at the new pilot plant facility.
For the week ending September 5, MXAM was unchanged, IPMCF was -1%, NAXOF was -4%, GPGI was -7% and CHIP was -16%.
For the 3rd Quarter to September 5 , NAXOF is +438%; CHIP is +65%, GPGI is +10%, IPMCF is -2%, and MXAM is -13%.
Year to date: MXAM is +408%, IPMCF is +59%, NAXOF is +54%, GPGI is +27% and CHIP is -42%.
DATE__________"DDI-CAP"________"DDI-SHR"_________"DDI-DOL"
SEP 5____________1581_____________1444________________2010
AUG 29__________1635_____________1501________________2070
AUG 22__________1383_____________1248________________1813
AUG 15__________1230_____________1110________________1835
AUG 8____________976______________905________________1595
AUG 1____________964______________884________________1637
JUL 25____________947______________866________________1863
JUL 18____________862______________839________________1521
JUL 11___________1041_____________1005________________1698
JUN 30___________1085_____________1026________________1854
JUN 13___________1112_____________1064________________1898
JUN 6____________1004______________963________________1697
MAY 30__________1128_____________1070________________1910
MAY 23__________1400_____________1338________________2288
MAY 16__________1472_____________1420________________2431
MAY 9___________1472_____________1425________________2225
MAY 2___________1451_____________1394________________2158
APR 25__________1604______________1566________________2191
APR 18___________1617______________1577_______________2366
APR 11__________1555______________1523________________2286
MAR 31__________1493______________1467________________2383
MAR 21__________1601______________1563________________2489
MAR 14__________1712______________1583________________3466
MAR 7___________1979______________1797________________4188
FEB 28___________1387______________1278________________2042
FEB 21___________1177______________1093________________1768
FEB 14___________1226______________1129________________1721
FEB 7___________1177_______________1118________________1419
JAN 31___________1087______________1053________________1411
JAN 24___________1003_______________988________________1266
JAN 17____________817_______________818________________1022
JAN 10____________954_______________940________________1001
JAN 3_____________982_______________980_________________920
DEC 31___________1000______________1000________________1000
BACKGROUND
Market Indices for the basket of 5 "Desert Dirts" have been calculated for three different investments.
(1) MARKET CAPITALIZATION (DDI-CAP) - Assumes $1000 invested equally in the 5 stocks on the basis of the market capitalization of the stocks as of 12/31/96.
(2) EQUAL SHARE AMOUNTS (DDI-SHR) - Asssumes $1000 invested by buying equal number of shares in the 5 stocks based on their 12/31/96 closing prices.
(3) EQUAL DOLLAR AMOUNTS (DDI-DOL) - Assumes $1000 invested by buying equal dollar amounts of the 5 stocks at their 12/31/96 closing prices.
Initial values for the three investments were calculated as follows:
STOCK__________CHIP______GPGI______IPMCF_____MXAM______NAXOF
MM SHARES ________8________20__________18_________45___________25
12/31 PRICE_______1.44_______1.63_________4.38_______0.16_________3.50
"CAP" SHARES___36.79______91.98________82.78______206.94_______114.97
"SHR" SHARES___90.11______90.11________90.11_______90.11________90.11
"DOL" SHARES__139.13_____123.08________45.71_____1250.00________57.14
With these share amounts, index values were calculated as above. |
