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Gold/Mining/Energy : t. upton resources -- Ignore unavailable to you. Want to Upgrade?

To: SofaSpud who wrote (65)	11/24/1999 4:05:00 PM
From: Method	Respond to of 86

The numbers look great. Y2K expected cashflow of $1.13 with oil at $20! Oil is currently at 27 which means a whole lot more cash flow! Let's face it this stock is trading at 2X cash flow when the multiple should be at least 6. URC at $6 within a year.

To: SofaSpud who wrote (65)	11/24/1999 4:12:00 PM
From: AL R	Read Replies (1) \| Respond to of 86

Ya gotta like it. Looks like they are trading around 5 Xs this year's cash flow. Using their estimate of $1.13 cash flow for next year, the share price should be north of $5.65. $9.00 @ 8 X c/f is not unrealistic. They did as they said and hunkered down this spring waiting for the recovery in oil prices. Now they are taking advantage of the price and have maintain very reasonable debt levels. Been long with this company for awhile. Al