Caussa Capital (formerly Antares) T.CAU Message Board

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Gold/Mining/Energy : Caussa Capital (formerly Antares) T.CAU

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To: Goldfinger who wrote (1577)	11/29/1997 5:33:00 PM
From: Keith Utz	Read Replies (1) of 4718

Goldfinger, the valuation that is normally put on gold in the ground(proven reserves) ranges from $25 to $100/oz. A senior producer such as Barrick in a good gold market may bring a $100 valuation per proven ounce whereas a jr. gold stock such as ANZ with low POG would bring a lot lower valuation. Not sure what value is placed on silver reserves with Ag around $5.00. I liked what I saw in the PR!! ANZ has a lot going for it with plenty of cash and quality properties in Indonesia and Canada and selling for around .40. We will likely look back in a few months (or sooner) and kick ourselves for not buying more. One problem is there are many other beaten down quality gold stocks competing for our investment dollar. Monday should be interesting. Keith

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