DALTON RESOURCES DAL:ASE Message Board

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Gold/Mining/Energy : DALTON RESOURCES DAL:ASE

DAL 70.57

-1.1%

1:56 PM EST

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To: Peter who wrote (81)	4/6/1998 12:10:00 AM
From: grayhairs	Read Replies (1) of 486

Hi Peter In his introductory post to this thread, StockJock-e assumed that the deep Strachan play could lead to a reserve of 2 TCF which would be valued at about $1 Billion. If this comes to pass, then the value of the find to the Canadian juniors is "grossly" projected below: ............... APO .... W.I. ... F.D. ... Value/ .. Recent ... % Company.. W.I. ...Value ...Shares... Share ... Close ... Gain TKE......... 30.0 ... 300M ... 10.5M ... 28.57 ... 1.40 ... 2040 FST......... 25.0 ... 250M ... 22.9M ... 10.92 ... 0.75 ... 1455 LEY.......... 5.0 .... 50M ... 10.0M ... 5.00 ... 0.40 ... 1250 DAL.......... 7.5 .... 75M ... 22.6M ... 3.32 ... 0.35 ... 950 In the case of DAL, the combination of working interest in the play, shares outstanding and recent share price is such that DAL offers the lowest % gain to be realized in the event of a "deep hit". BUT, what's wrong with a 950% gain??? NOTHING!!!! BTW Peter, I think you'll see the results of the Strachan well on the stock by mid-May, latest. Later grayhairs

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