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Gold/Mining/Energy : ORXX - Orex Gold Mines Corporation -- Ignore unavailable to you. Want to Upgrade?

To: cantpickem who wrote (2340)	2/2/2000 8:55:00 PM
From: mr. ed	Read Replies (1) \| Respond to of 2392

Hi, cantpickem Alot of the risk here has gone down.... 99.94% silica... By the way The xray fire are the most accurate the second set of test results used a differant procedure that is not as accurate that is why there is a differace... It will be about 6 months IMHO before production begins... Also the amount of silica is huge so it will be interesting to see what the independant study brings. The value of the silica will add to the book value... With finacing being worked on the risks go down futher... Also The Silica will be all be all profit... Lets assume (Worst figures) Orex produces 600 tons a day at $100 per ton for the silica.... for 200 days thats 12mill profit or .30 per share at a PE of say 5 we have a stock worth $1.5... Now The prices for silica range from $250 to $750 per ton so like I said these are low figures... Also if Gold prices go up then profits will rise also... I hope I am not hypeing this stock.... Did you get your OMC shares that were a Diviend last year yet? There is going to be a IPO in March I am told... The mine should turn a profit the first Quarter of operation... Bottom line a lot of the risk has been removed but the rewards are still there... the future is getting brighter... We will see the pink sheets Feb 14 I think....I figure 2 months worst case.... I am long term and will wait for dollars.... Also a PR firm will be hired soon to promote the stock... The pink sheets are not always bad... Have you seen the web site yet? I heard it was up dated... Good luck .165 is a steal IMHO Regards mr ed