MINE vs IKAR Message Board

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Gold/Mining/Energy : MINE vs IKAR

MINE 0.00

Jul 19 5:00 PM EST

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To: Alan Markoff who wrote (48)	4/28/1998 12:23:00 AM
From: Money Maker (MM)	Read Replies (1) of 94

Alan, you always mention about 90M shares. Have you checked my explanation about it? Message 3964994 I quote its part: I tried to compare this company with others. Just said, ABX. It's closed at $22 1/2 on Friday (please, check the current price at quote.yahoo.com ). How many shares ABX has? 373 millions !!! biz.yahoo.com How about its gold reserves? Only 51 millions oz and with production cost at $193/oz. You don't have to believe me, just click: barrick.com I try to calculate how much gold reserves per share has. 51,000,000/373,000,000 = 0.13673 oz per share (compare it 0.683/oz MINE share has) The net value is equal to: ($310.3 - $193) x 0.13673 = $ 16.04. ABX Friday close price at $22 1/2. Compare to MINE, we have $95.82 value per share...:) All of the above is my opinion based on my own research. You have to do your own research before making any decisions. I hope this old explanation will open your mind. MINE's problem is not the amount of its shares but how much gold reserves MINE has. Good luck. MM

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