Cross Lake Minerals CRN Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Cross Lake Minerals CRN

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: the Chief who wrote (1056)	1/3/1998 1:02:00 PM
From: dave brown	Read Replies (2) of 3650

Dave's kick at the numbers. Only lets add copper, after all its there. Cu @ 2% = 0.02 ton * $1750US/ton = $35.00us/ton Zn @3.5% = 0.035 ton * $1080us/ton = $37.80us/ton Pb @ 1% = 0.01 ton * $532us/ton = $5.32us/ton Ag @ 2oz = 1.8oz * $6.05us/ton = $10.97us/ton In the ground gross metal value = $89.09us/ton Realized recovery including Cu based on the article: Cu @ 60% * $35.00 = $21.00us/ton Zn @ 45% * $37.80 = $17.01us/ton Pb @ 35% * $ 5.32 = $ 1.86us/ton Ag @ 90% * $10.97 = $ 9.87us/ton Realized gross value $ 49.74us/ton Less U/G mining & transportation - $21.00us/ton Net value of $28.74us/ton Value of 20 million ton deposit-- 20,000,000*$28.74us/ton=$574,800,000 Value per share-- $574,800,000/32,000,000 = $17.96us/share or $24.86cdn/share Note: Metal values from TNM Jan.4/98 Copper grade assumed Exchange rate year avg. @1.384 Share value using 32 million not 28 million as per article Based on my evaluation the stock is grossly undervalued, however I don't know where the author of the Investors First article came up with a cap of 20 million tons? PROBLEMS WITH THAT ARTICLE, BE CAREFUL!!!

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next