Donner Minerals (DML.V) Message Board

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Gold/Mining/Energy : Donner Minerals (DML.V)

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To: mad cow II who wrote (3781)	3/25/1998 1:01:00 PM
From: 1king	Read Replies (1) of 11676

This is a secret between you and I;-) They have more than 80+ mT. Pound for existing pound of metal you are correct. The value was based on future tonnage even beyond present day values. This is common in the purchase of mining entities. You cannot buy just the metal you see. There is always a futures factor and sometimes it is over stepped. For any keeners, check out the book titled Mineral Deposit Evaluation: A Practical Approach (ISBN 0-412-35290-7). Primary factors to consider would be: 1) Price of metals 2) Mining Costs 3) Power Costs 4) Tax Structure etc. But underlying this is: Technically DML is a virtually valueless company (fundemental analysis)therefore the $2.50 share price is tied only to hope related to a mineral property with X potential. Try and calculate a P/E or other indicator. To assign a proper value to DML would have to take the route through the potential value to a major, to purchase DML's complete interest in the property. A developed mine approach is not possible for a junior of DML's financial or technical standing. We are mixing our juniors, explorers, and mine developers. DML is a former and Teck is a latter. Both would like to be in the middle class as well. 1King

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