Good suggestion, Grant. See the note following the Dec 31 numbers.
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DESERT DIRT INDEX VALUES AS OF JAN 30, 1998:
NOTE: The only PR appearing this past week was by MXAM , where they announced gold and silver results by Ledoux on MXAM's Peoria properties. Gold assay numbers were in the range of 0.19 oz/ton, in approximate agreement with previous samples by other labs. Additional COC sampling has been done on Peoria South with split samples sent to 3 labs; results are expected within the next 90 days.
For the year of 1998 through Jan 30, IPMCF is up 22%, MXAM is +0%, NAXOF is -12%, GPGI is -20%, and CHIP is -29%.
A basket of the five stocks is down 8-10%, depending on the particular indice.
DATE__________"DDI-CAP"________"DDI-SHR"_________"DDI-DOL"
JAN 30____________903_______________903_________________923
JAN 23____________918_______________916_________________966
JAN 16___________1028______________1015________________1030
JAN 9 ____________912_______________924_________________966
DEC 31___________1000______________1000________________1000
NOTE: For the year 1997, the "CAP" index was up 9.5%, the "SHR" index was down 6.8%, and the "DOL" index was up 19.3%. These indices were based on a basket of stocks purchased Jan 1, 1997 on the same basis as described below.
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. |
