CVR: V Consolidated Viscount Resources - Ringer??? 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 : CVR: V Consolidated Viscount Resources - Ringer???

CVR 9.130

+0.7%

Nov 11 3:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Bobby Yellin who wrote (95)	12/24/1996 5:18:00 PM
From: Walter N. Schreiner	of 409

Bobby, Zeev, et al. I spoke with Len Harris, Pres of CVR yesterday. He thought 1.70 was just tax loss selling (I believe it) and the company was not even trying to support the stock for that reason. He gave me the following data on the Au/Ag mine in Mexico which I used for company valuation. They expect the mine to go into production in January (a month away). They expect to mine 100 tons/day at a cost of $105/ton, for a profit of about $260/ton. So, 100 tons/day times 25 days/month times $260/ton = $US650K/mo. Times 12 months = $US7.8 million annualized profit or $C10.5 million. Divide by 3.7 million shares = $C2.88/share profit. Wow !!! With a conservative P/E of 6 that translates to a $C17 share price. At todays price, that'll make CVR into a 10 bagger next year. (Note, Sc hasn't even been considered in this valuation.) Based on this info, I bought some more CVR today. I expect to have a merry Christmas (next year). Besides Sc, another kicker Len mentioned was a verbal option he has recently made on an old Cominco property in Newfoundland. He said it is a Sed Ex type of Pb, Zn and Ag deposit, and he seemed real excited about its potential to make CVR into a much bigger company. They are doing du dilly on it now. Also mentioned that Falconbridge has an interest in their Voisey property east of Diamond Fields. He expects to begin posting some company news early next year and that ought to help the stock price to recover. Enjoy the holidays, and good investing for next year !!

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next