Namibian Copper Mines Inc. Message Board

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Gold/Mining/Energy : Namibian Copper Mines Inc.

NCMI 4.130

-4.7%

3:59 PM EST

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To: O. H. Rundell who wrote (33)	1/31/1997 12:52:00 AM
From: C L	of 154

O H I'm not good at this. The news release says they'll mine 100,000 tons/year and cost is 51 cents/pound. Looks like their profit would be 200,000,000 pounds X 49 cents(assume $1.00 copper) = $98,000,000/ year. Let's assume 25 mil. shares = $3.92/share earnings. We do not know if they are talking gross or net earnings. If it's net earnings, then we should support a $40 share price. That's the approximate price I hear beening bandied about. Wish C C was here for this -- I'm sure I screwed it up somehow. C L

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