Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Millstream Mines (MLSM) -- Ignore unavailable to you. Want to Upgrade?

To: Morag who wrote (121)	6/15/1999 7:57:00 AM
From: hugh thorne	Respond to of 664

some months ago i asked management whether they had recalculated those older numbers. they emailed back that there had been alotta work on the subject but that they were not prepared to put anything forward yet. It was nice to see Cannaccord put them on their site, my last contact with IR indicated that Cannaccord were still in very close contact and this confirms. At least they have a house behind them unlike some other investments i have.

To: Morag who wrote (121)	6/15/1999 12:25:00 PM
From: Brumell	Read Replies (2) \| Respond to of 664

Hi Morag. Thanks for your post. Regarding your question: << Perhaps someone with more experience could review this and "project" the impact on future share price, potential price to earnings ratio. etc. An educated guess would certainly be useful - no hyping need be posted. >> At this point, I don't think anyone could predict impact on share price, etc. There are too many unknowns. While there is obviously some speculative premium, the question is how much is appropriate. We all have our own thoughts and that's what makes the market. FWIW my hunch is that we are currently on the low side so like you I was buying in the low 40s last week. My reasoning is simple. This property has shown it needs a real test and is about to get it with three drills operating. In addition to already promising results near the old mine, there are new targets that Quantec have located after extensive geophysical surveys. If drilling is successful, the property is already partially developed with an existing shaft, etc. Located near Timmins, there is good mining infrastructure and support nearby. The only question becomes what will they discover from drilling and how will it relate to assets in place. Fortunately, we'll soon be finding out as drilling has apparently just started. I'm optimistic and think a target price of $1.50 neat term is realistic. This is a VMS type deposit located in "bear" country, the home of other large orebodies. It's price could go much higher. Diamond drilling underway will soon tell us. At this point all anyone can offer are opinions, guesses and hunches. FWIW the preceding are mine. I've bought a stake and wait for the cards to be laid on the table... face up. Should be interesting. Bob