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Gold/Mining/Energy : Sun River Mining (SUNR)
SUNR 0.00Jun 10 5:00 PM EST

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To: Lazarus who wrote (360)1/30/1999 12:06:00 PM
From: john  Read Replies (3) of 1650
 
Given a price of only $60.00 per oz that would be worth 16 cents a share. If you use $120.00 per oz like some do...that would be 32 cents per share.

I believe the majors use $25.00 an oz in the ground when valuing property, thus the stock is probably correctly valued by the market.

It looks to me like SUNR is begging for $$.

Do not think they are begging but I am sure they are looking, just like acmg is.

Good Luck. I like neither of them.
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