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Gold/Mining/Energy : Oroperu Resources, Inc. OROP (CDN)

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To: Geneat who wrote (4)10/17/1997 1:28:00 AM
From: charred   of 154
 
Geneat, here is how I came up with my potential $2.00CDN value:

1) Tres Cruzes 2 million ounces: 50% interest = 1 milliion ounces X $50US per ounce =50 million market cap only based on this property. I do not know the reserves. This is a guess.

2) Nueva Condor Mine: Assest = 20 million based on a study by Kilborn.

50 + 20 =70 million US = 100 milliion canadian (approx.)

Market cap fully diluted is 38 million CDN X 1.00= 38 million CDN therefore the stock is underpriced at the current value.

If the stock was $30 based on Davidsons's perdictions the company would be worth over 1.6 billion CDN. No way. It is possible 3 to 4CDN a share at the moment. I believe $2.00CDN.

I have not read the Sovereign Individual but I will look for it tomorrow. His books are great. I once seen him in person in Toronto at a seminar. I learn't so much. I do have great admiration for his mind and his courage also. We should have a new thread based on him. Cheers
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