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Gold/Mining/Energy : Madison Enterprise, MNP/VSE
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To: Karl Zetmeir who wrote (175)11/27/1998 11:18:00 PM
From: Dan P  Read Replies (1) of 285
 
Karl:

A resource base of about 4 million ounces, with a cutoff
grade of 1.0 g/ton seems quite substantial to me. With
a share total of around 26 million shares, valuing the gold
at $20/oz gives us an anticipated $80 million (US) market cap.
One could anticipate a double in the stock from these levels, and if
the gold market ever wakes up, and a suitor comes after Madison,
we could see a lot more.

Regards

Dan
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