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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers
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To: marcos who wrote (63089)1/27/2009 12:03:54 PM
From: tyc:>  Read Replies (2) of 78416
 
Looking further at DMM, there is one aspect in which DMM is not "undervalued", and that is in the relationship between the book value(s) and the market price.

Both DMM and LSG have about the same total book value of ~$1.40 per share. However there is a wide disparity between the book values ascribed to Zaruma and that ascribed to Timmins West. I presume this indicates how much money has been actually spent on each property, but it raises some doubt in my mind as to whether the market price of DMM is "undervalued".
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