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Gold/Mining/Energy : Black Swan

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To: Pierre J. LeBel who wrote (3083)	9/9/1998 8:35:00 AM
From: Mr Metals	Read Replies (1) of 3186

At present, Black Swan has cash of $12-million and the book value of its mineral properties and capital assets, which is consistent with a recent independent valuation, is $38-million. The company has no debt other than normal accounts payable. The $51-million book value of its shareholders' equity represents over $1.00 per share of which 24 cents per share is cash. In the opinion of management, the market is undervaluing Black Swan's stock relative to the cash and assets it holds and its potential. The new management will take all steps necessary to restore value to the stock and develop shareholder value. (c) Copyright 1998 Canjex Publishing Ltd. canada-stockwatch.com Mr Metals

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