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Gold/Mining/Energy : JAB International (JABI)
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To: Ryan Weisman who wrote (711)10/30/1997 7:59:00 AM
From: Paul Body  Read Replies (1) of 4571
 
Ryan, If you understood how gold stocks are valued, especially juniors, you'd realize the post was not very intelligent afterall.

Gold shares use different rules: assigning value to proven reserves (e.g., $75-200/oz, much higher multiples). This was assigning BCMD a 10X multiple and expecting to back out prices, not very accurate.

Thanks, Paul
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