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Gold/Mining/Energy : Stillwater Mining , SWC (former PGMS) -- Ignore unavailable to you. Want to Upgrade?

To: ahhaha who wrote (1019)	11/4/1999 4:59:00 PM
From: Bob Howarth	Respond to of 1336

What we need is a model that sets the following variables. 1. How many ounces are there to be mined (say 25 million?) 2. How long it takes to mine them (say 15 years) 3. How much per ounce profit, real profit after ALL costs. With 38 million shares, you get 2/3 ounce per share. You must set these variables to what you think are true, calculate net present value, and throw in whether you think there are another 25 million ounces down there to play the game again. I am using 10% discount rate in my models.

To: ahhaha who wrote (1019)	11/4/1999 5:43:00 PM
From: bobby beara	Read Replies (2) \| Respond to of 1336

SWC was an easy call to bottom fish here, no rocket science involved - the general market cratered (as indicated by the a/d line and reversal) on the 1987 crash anniversary date, the buy signal generated by the McCllelan Oscillator indicated we would see a broad advance of stocks and since this is a one of a kind in a one of a kind industry, logic dictates the risk/reward of a bounce is very favorable. has nothing to to with any fundamentals, just a bounce in a very oversold stock off a multi year pivot. whether this is a major turning point only God knows -g- bb