Ron:
Just for interest sake, I did a few calculations using some of the standard methods for valuing gold properties. The way I figure it, they would have to have a deposit of 10 million oz. gold to justify a stock price of $10.00 with 42 million shares o/s. Now, I know the management there would be far more versed at these things than I am, so I am really wondering what they were thinking when they hinted at this.
I know this is not to be taken seriously at this time Ron, just having some fun playing with numbers, that's all.
If you are talking to the company, tell them that I like the idea of having periodic updates come out. It is nice to have everything summarized in one place, even if none of it is really new information. Also, tell them to include some information on what is happening with their Idaho property when they put out their next summary. Things have been pretty quiet on that front.
I'm in for the ride with NPA and a few others that are looking good and don't mind at all if this one stays low key for a while longer. No sense having all your fun at once! Might be a little too much for the old blood pressure if you know what I mean. With luck, there might be some profits from the early movers to transfer over to the late bloomers - so it never hurts to have your winners staggered a bit.
By the way, if you like playing with charts and have some time to kill, check out the chart for TPP,V and tell me what you think. That's my big winner for '97 so far.
Good investing Ron and keep the information flowing. Your efforts are much appreciated.
Tom McIlwain |
