Well, you're right. I hadn't looked at the actual numbers. Here's what he said Jan 20;
"The current resource at Dolores of 1.2 million ounces of gold and 45 million ounces of silver (or just over 2 million ounces of equivalent gold) will likely be expanded as a result of subsequent drilling completed on the property and reported early in the second quarter."
Here's another one - this sentence is from the start of the Apr 20 writeup;
"The company enjoys a healthy cash position (about $7 million), a low number of shares outstanding, and a lean-and-mean corporate structure."
This sentence is from deeper in the same report;
"Adding-in the cash held in the company of $10 million, plus an additional $7.0 million cash on dilution, brings our target market capitalization to $99.5 million."
Three million bucks discovered (recovered? maybe they were lost?) just like that. Maybe he needs more than a calculator, Claude, maybe he needs an assistant to run it for him -g- ... To be fair, though - this is from their semi-public site, the one the clients are allowed access to. I don't think the best of the analysts goes into writing for that site. With James Keating, their bank guy, he always answered my questions in detail whenever he could. And he always got his numbers right, too, as far as I know. ......... cheers ........ marcos |
