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Gold/Mining/Energy : Donner Minerals (DML.V)
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To: donkeyman who wrote (4465)5/14/1998 7:48:00 AM
From: Buckey  Read Replies (1) of 11676
 
>>>>>What did Kaiser mean when he reported "Donner at the $2.50 range, has an emplied project value of close to $400 million". (26 million shares times $2.50/share is only $65 million )<<<<<<<

Donner only has 25% of the NAI/DML property with Teck having the option for 25% and NAI has 50%. Maybe "BUNS" was using a higher share price of $3 and maybe he assumed that DML FD is more than 26 MM shares. That is my guess on his take on the numbers.
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