Zappa Resources ZPA vancouver Message Board

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Gold/Mining/Energy : Zappa Resources ZPA vancouver

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To: morrie who wrote (227)	1/22/1998 7:43:00 PM
From: dean poets	Read Replies (2) of 3198

Hi guys I just thought I'd post some positive information showing Zappa's VALUE! Suppose we only found 2 million tons of ore on Laplata, with an average NSR of $100.00. 2,000,000 tons times $100 = $200 million. Then subtract 40 million approx cost for mill and tunnel etc. This would give roughly 160 million profit potential. Zappa still has 49% interest, equaling $78.4 million. If we had a 10 year mine life, we'd be averaging 600 tons/day. IF the mill operates 345 days/year, it would be 345 days * 600tons/day * $100 NSR = 20.7 million. Zappa's cash flow would be 10.3 million, and most mining companies trade at least 10 times cash flow. So if Zappa traded at $100 milion market cap we'd be a $4.00 stock. My methods might look kind of crude, but I think they make my point. I also think Cambior would have walked away if it was only 2 million tons! Dean

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