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Gold/Mining/Energy : CLAIMSTAKER RESOURCES, (VSE:CLN)
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To: Kelly Sheppard who wrote (172)10/4/1998 9:58:00 PM
From: teevee  Read Replies (1) of 199
 
Hi,
If I recall correctly, back in the 1980's, the original developers of this mine sold out because of two reasons:

1. Reserves were near depletion.

2. Exploration had failed to develope significant additional reserves.

3. They were offered (and accepted) a purchase price which by far exceded future possible dividends (return of capital and return on capital).

Can anyone on this thread provide an update of current proven producable reserves (using current regulatory criteria)? What else does this company have?
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