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Gold/Mining/Energy : CDN. MOMO PUPPIES -- Ignore unavailable to you. Want to Upgrade?


To: koan who wrote (9923)9/30/1999 11:08:00 PM
From: SwampDogg  Read Replies (3) | Respond to of 36688
 
I just found "ROB TV" on the dial...looks pretty cool
VEN-T...bought a tonne more today...

Just some numbers if there is a gold bull market...

Lahir has 40 million oz AU probable reserves
VEN's 5.7% = 2.28 million oz./143 million shares = 0.016 oz/share
1/0.016= 62.5...
1 oz reserves for every 62.5 shares of VEN
62.5x$0.24= 1 oz of AU reserves for $15.00 CDN/$10 US

Pretty good leverage if this is the beginning of the AU bull
$10 per oz...

A comparison with TVX...

Since TVX did the NDY deal they have about the same reserves/share as VEN and the stock is 8x more expensive...