Steppe Gold (SPE:V) Message Board

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Gold/Mining/Energy : Steppe Gold (SPE:V)

SPE 15.24

+0.3%

Nov 7 4:00 PM EST

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To: Moot who wrote (835)	3/31/1998 12:32:00 PM
From: Robert Dydo	Read Replies (1) of 1248

Since it does seem that we are in those quiet days again, is anyone willing to engage in speculation where the price should be in reflection of financing completion in the short term and the price of SPE if all their projects would get proportionate developments, as in hopes of SPE's boss in the long term. I would like ask participants to restrain themselves from statements of"in the hole" or nowhere, as we spent some valuable time on sorting possibility of no move when financing will be approved. To start this I think that in years and with all things in order this stock could be worth of Can$22.00. This is just based on resource calculation and that is my long term. In the short term I think that when F is in place US$1.00 would be the level. My price is a result of deposit size by difference between capital costs and non productive at $150.00 and current POG. This amount is allocated to Steppe at 59% as servicing the debt and taxation would come from 32% as the right for repayment of capital costs under the jv structure. So I would say Can$1.30. Regards to all Robert

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