Sheffield Resources Inc. (V.SFL) formerly Solidor Resource Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Sheffield Resources Inc. (V.SFL) formerly Solidor Resource

SFL 8.340

+1.2%

Jan 8 3:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Lloyd who wrote (5)	11/25/1996 1:35:00 PM
From: Richard Birch	of 43

A little idle speculation may be in order. 470,000 tonnes at .15 oz/t comes out to about 65,000 oz of gold. The zone is open at depth and in several directions, so we are talking absolute minimums. If a major is interested in JVing with Solidor, I don't think 65,000 oz is going to be that attractive. Therefore, the major must be pretty convinced there is more -- at least double or triple. So let's say there are 150,000 oz not too deep in the ground, capitalized at $50 an oz. (not unreasonable given the proximity of a producing mine and mill etc). That equals $7.5 million. Solidor has not quite 9-million shares outstanding, fully diluted, so that makes the company worth a minimum of 83 cents a share. And let's not forget the other eight gold bearing zones on the property, plus Voisey's Bay, Newfoundland, Hemlo, and likely Mexico. I'm looking for triple once the dust settles around these inquiries from other companies, perhaps as early as mid-January. Take a look at the report from Stockhouse on Solidor last week. Very positive and expecting movement over the next week or two: stockhouse.com Cheers all Richard

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next