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 : Global Platinum & Gold (GPGI) -- Ignore unavailable to you. Want to Upgrade?

To: Ptaskmaster who wrote (12316)	11/16/1999 6:33:00 PM
From: Ed Fishbaine	Read Replies (1) \| Respond to of 14226

To all: As long as others are reporting off topic on their favorite deals, here's mine. OTMN also has a thread: After hitting a low of US 69¢ on October 7th OT Mining, (OTMN) otmining.com has moved to a close of $2.00 today, its high for 1999, with approximately 14,000 shares having been traded since October 7th. All tics have been on the upside. The current quote is $1.96875 to $2.125. There is very little stock being offered at current levels. OTMN has a history of trading as high as $6 in 1994, over $8 in 1997 and $6.50 in 1998. 1999 has seen its all time low early in the year at .375. There are 5.2 million shares issued with 2,500,000 free trading and 2,700,000 restricted. The company is at the final stage of proving up the Ruby Mine as both a high grade gold project and, of much greater import, a porphyry deposit comparable to the world famous Berkely pit, to the south, with which it shares the same geological structure. The company is presently seeking financing to complete this final stage. A comparison between the Ruby potential and the Voisey Bay deposit can be made. Diamond Fields, which stumbled on the Voisey Bay deposit, was bid $3.30 (Cdn) in October 1994. One year later it had 35 million shares issued and the stock price reached $100 per share. It then split 4 for 1 and with 140 million shares it was acquired by INCO for around $5 billion = to slightly more than $35 per share. A buyer of one share at $3.30 would end up with 4 shares at $35 each = $140. Inco has spent an additional $1 billion (Cdn) on development and has a proven reserve of 140 million tons of nickel, cobalt and copper. But Voisey Bay is in the middle of nowhere and there has not yet been a pound of ore produced. The Berkeley pit, a porphyry deposit, started producing in 1880 and is still at it. Over 450 million tons of copper. zinc, manganese, lead , silver and gold have been produced, to date, The Berkeley pit is characterized by a magnetic low (as is the Pegasus Montana tunnels to the north of Ruby) and the Ruby magnetic low is comparable to or stronger than the Berkeley1s. The Ruby, in contrast to Voisey Bay, is located in an historical mining district where Anaconda was a world class copper producer. As such, power, water, transportaiton and skilled labor are all available. It is the intention of managment to prove the porphyry deposit and sell out to a major. Exploration for major deposits has been on the wane due to the depressed prices of base metals. It now appears that base metals are at the bginning of a secular rise and there will be increasing demand for such deposits. For the record I am a paid consultant for OTMN Ed