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Gold/Mining/Energy : T.ITE: iTech Capital (TSE) -- Ignore unavailable to you. Want to Upgrade?


To: Claude Cormier who wrote (2894)12/6/1999 12:36:00 AM
From: keith massey  Respond to of 5053
 
Claude

Yep, people often screw up book value, NAV, and speculation value. I always find it amazing how many of the mining companies value their old mining properties at huge values although it is obvious that they will never be mined. Unless you are a geologist or have a good understanding of mining it is often impossible to put any value on these properties..

I totally agree that if you can recognize a non-cash asset that can be develop and has yet to be recognized you can make a killing. Within the next month or two, hopefully JDX will announce numerous seed tech. deals from their new alliances. Although these will be carried at book they should be valued at much higher levels which will be reflect in the price of JDX.

Presently -

CMGI is selling at 14.40 price to book
IGCE is selling at 49.59 price to book

Best Regards
KEITH