Alliance Pacific Gold Corp, V.APG (formerly Yukon Gold -V) Message Board

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Gold/Mining/Energy : Alliance Pacific Gold Corp, V.APG (formerly Yukon Gold -V)

APG 35.43

-1.0%

Nov 4 3:59 PM EST

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To: Phil Cressman who wrote (168)	7/25/1998 10:34:00 AM
From: joseph schevenels	Read Replies (1) of 209

Thanks for the update,his view of the 15 to 1 is pure bull...,the new "directors" probably made a ton of cash shorting the hell out of this stock. "Given the over $9,000,000 value of properties carried on the companies books and 16,000,000 million shares outstanding it boggles my mind that the market values shares currently at 4 cents thats saying the properties are worth only $640,000. I'd think the Yukon property alone is worth this kind of money." These "book values " in the exploration business are imho not very realistic,most of the time they are "optimistic" estimations ... As far as Kinross goes,these guys spend real money on their joint ventures,(they are putting 15 million on Mirandor's Railroad property in Nevada),if they see economical value in a property they go for it. Joe

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