DESERT DIRT INDEX VALUES AS OF JAN 23, 1998:
NOTE: See "BACKGROUND" section at the bottom of the post on the "New Desert Dirt Gold Rush" thread for details on the 12/31/97 share values and outstanding shares as the basis for the three investment indices. Index companies include: CHIP, GPGI, IPMCF, MXAM and NAXOF.
Several Press Releases appeared during the first 3 weeks in January:
CHIP - Appointment of Mr. Childress as CFO and VP of the Cochise Mining Corp Subsidiary. Per prior PR's, CHIP will invest in Cochise to bring alluvial gold deposits online during the first half of 1998.
GPGI - Receipt of payments for precious metals shipments to refiners during 1997. The company also released a letter from AuRic offerring to work with GPGI on refining of additional shipments, indicating that the recovered metals from the previously received shipment had a value of approximnately $1800 per ton of (enhanced/screened) head ore.
IPMCF - Released information from an independent laboratory indicating wet assay values in the range of 0.07 oz Au/t, consistent with IPM's in-house measurements from 1995/6.
NAXOF - Released information on the completion of the private placement announced in 1997 and stated that the date for committing to the Johnson Assay Method had been extended to Jan 21 (with later indications that it had been further extended by 30 days from Jan 21). A second PR contained certified gold results from LeDoux Labs on Franklin Lake material delivered under COC by Behre-Dolbear. Recovery from a composite sand/gravel interval was 1.66 oz Au/t using the Johnson Fire Assay on untreated ore, increased to 2.56 oz/t after the first stage of the Johnson Recovery Method, but decreased to 0.954 oz/t after the first and second stage treatment - an anomalous value that will be retested.
For the year of 1998 through Jan 23, IPMCF is up 34%, MXAM is +8%, NAXOF is -10%, CHIP is -16%, and GPGI is -33%.
Details on the indices are available on the New Desert Dirt Gold Rush thread:
DATE__________"DDI-CAP"________"DDI-SHR"_________"DDI-DOL"
JAN 23____________918_______________916_________________966
JAN 16___________1028______________1015________________1030
JAN 9____________912_______________924_________________966
DEC 31___________1000______________1000________________1000
BACKGROUND
Market Indices for the basket of 5 "Desert Dirts" have been calculated for three different investments.
(1) MARKET CAPITALIZATION (DDI-CAP) - Assumes $1000 invested in the 5 stocks on the basis of the proportionate value of the market capitalization of the stocks as of 12/31/97.
(2) EQUAL SHARE AMOUNTS (DDI-SHR) - Asssumes $1000 invested by buying equal number of shares in the 5 stocks based on their 12/31/97 closing prices.
(3) EQUAL DOLLAR AMOUNTS (DDI-DOL) - Assumes $1000 invested by buying equal dollar amounts of the 5 stocks at their 12/31/97 closing prices.
Initial values for the three investments were calculated as follows, using estimated shares outstanding as of Dec 31, 1997:
STOCK__________CHIP______GPGI______IPMCF_____MXAM______NAXOF
MM SHARES ______12.2________21__________21_________45___________34
12/31 PRICE_____0.56_______1.88_________1.28_______0.38_________6.25
"CAP" SHARES____40.3_______69.4_________69.4_______148.8_______112.4
"SHR" SHARES____96.7_______96.7_________96.7________96.7________96.7
"DOL" SHARES____357________107_________156_________533_________32
With these share amounts, index values were calculated as above |
