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Strategies & Market Trends : Ride the Tiger with CD

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To: marci58 who wrote (100098)	11/30/2007 10:23:53 AM
From: WalterWhite	Read Replies (1) of 312889

KXL It is not a stretch to use 10MM ounces as an estimate for this resource. More drilling required but the results to date suggest this is very big... 75MM shares @ $4.50 = $337MM market cap If they have 10MM ounces, and we price them at $200 in ground, then we have a market cap of $2B or 6 times todays valuation. If you believe they have only 2MM ounces and it can be mined economically, then perhaps todays price is fair. Globe

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