Porcher Island Gold V-PIG Message Board

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Gold/Mining/Energy : Porcher Island Gold V-PIG

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To: Bill McCabe who wrote (156)	6/5/1998 12:16:00 AM
From: Jerry Dibble, Sr.	Read Replies (2) of 170

Thank you for the post, Bill. The report works out to $30,580,000 in gross revenue and PIG.v has about 10 million shares w/ 3 million shares in treasury for financing...so using 13 million shares divided into the first year production value of $30 million is $2.30/share revenue. This is good for sure but when the mine life of 20 to 40 years is considered, the real value of PIG.v is "left up to the market". Overall, this is a very undervalued stock and the market will catch up as funding of the project is done. Best regards, Jerry PS: sorry did not answer sooner...computer rebuild.

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