Inco-Voisey Bay Nickel [ T.N.V] Message Board

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Gold/Mining/Energy : Inco-Voisey Bay Nickel [ T.N.V]

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To: Jiong Sun who wrote (104)	11/23/1997 9:51:00 AM
From: don wang	Read Replies (1) of 1615

The book value of INCO is $33.00. Right now it trades at 0.76 of book value, 3.9 of cash flow and 0.65 of sales. To compare to Falconbridge (FL) which trades at 1.48 of book value, 7.2 of cash flow and 1.45 of sales. To compare to Alcan Aluminium which also suffers to market down side and it trades at 1.41 of book value, 7.43 of cash flow and 0.80 of sales. From above datum the price of share of INCO is much undervalued. If it trade at the same book value of FL and it should be $37.00 without considering the Voisey Bay potential factor. Those do not need rocket knowledge and all the money managers know it. But they are willing to see the depressed price and accumulate the share at this low price for the future huge profit. Don

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