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


To: Brumell who wrote (394)10/20/1999 2:42:00 PM
From: RICK  Read Replies (1) | Respond to of 664
 
Brumell,

Here is what I have been told by MLSM:

estimated 8 million tons

todays market price worth about $40.00 a ton

total value is: 320 million dollars

half of this would be for mine start-up and operation

now you have 160 million dollars

divide by 30 million outstanding shares

total per share would be about $5.00

If they find an additional 8 million tons then the cost per share would be about $10.00.

Is this correct or is this just jelly coated for us not so experience share holders.

Rick