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Gold/Mining/Energy : Millstream Mines (MLSM)
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To: hugh thorne who wrote (30)1/26/1999 8:14:00 AM
From: hugh thorne  Read Replies (1) of 664
 
looking at the yorkton numbers:

average us$/ton is reported as 157

they suggest that 250,000 tons are already there

this produces an undiscounted value of us$39,250,000 or cdn$59,000,000

with fully diluted 33 million it gives us cdn$1.75/share

as they mention, this doesn't include the new deep sulphide finds.i can't tell how much it will increase the reserves, but they suggest that they are "much larger ore zones".

at 3 times you get 5 dollars and change.
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