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Gold/Mining/Energy : t. upton resources
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To: Bob Hack who wrote (19)12/9/1997 1:49:00 PM
From: kingfisher  Read Replies (1) of 86
 
I called the company for their estimates on 1998 cash flow and Paul Klug told me they are projecting $1.34 per share.If you apply a very conservative multiple of 4X cash flow the stock should be trading at $5.35.It is currently at $3.80 but in my opinion will probably drift down further because of tax loss selling.
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