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Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: Ed Ajootian who wrote (124965)	10/16/2009 12:55:59 PM
From: Amark$p	1 Recommendation Read Replies (1) of 206160

SHY.v (Sharon Resources) appears a viable means to invest in MHR. I show the NAV of SHY using its 2,294,474 shares of MHR plus the $600,000 SHY received from Parkman to be US$.07 at a $2.00 MHR share price. SHY currently trading at C$.07 In addition to SHY's MHR shares and the Parkman cash, SHY still retains properties in Canada with a PV10 after tax value of $2,425,050 (see SHY 6/26/09 SEDAR filing for Canadian properties on page 13). This puts SHY NAV at US$.1028 (SHY has no long term debt and positive working capital as of 6/30/09) box.net

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