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Gold/Mining/Energy : Montello Resources
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To: JP who wrote (2728)10/28/1998 5:21:00 PM
From: George S. Montgomery  Read Replies (2) of 4256
 
JP, you seem to be one of the knowledgeable folk on this thread...

So, I will impose and ask a, probably, stupid question:

Can I assume that a minable pipe is capitalized at about $1-billion? Does this mean that two pipes are $2-billion; and five are $5-billion? The gist of this question is: If a company hits one pipe worth mining, does that mean that they stop - or do they keep on looking for other minable pipes on their property? In other words, thinking totally optimistically, how high is up?

Thank you, gsm
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