To: Robert J Mullenbach who wrote (343 ) 2/21/2000 11:08:00 AM From: Robert J Mullenbach Read Replies (1) | Respond to of 462
6,600 shares = 264 ozs of proven gold, backing your $1,000 dollar investment + commission. IMO. 6,600@.15 = $ 1,000 + commission XXXXXXXXXXXX 264oz X 300 = marker value of gold, ( 79,000 ) leverage, @400 = 105,000 that's where the big profit is. Here is what you have claim to, IMO. I am going to figure from Jan 1, 2000, by that time all my estimates should be reality. figure 20 mil shares out standing, 18 now, 2 more to raise capital. Gold will be at 280 per fine oz. results from ice property, are not in yet. XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX here is what you end up with. buying into. IMO Damoti, proven 400,000 Zopilote, Proven 400,000 ------------------------ total proven 800,000 X worth 5 per oz on sale with gold @280, IMO= 4 million , cash. sold 2 mil shares for drilling and working capital, 1/3 million U S. they have 1/4 of ice property left to sell to SKE, can not place a value on that yet, need results on field testing program by SKE. 20 mil shares out div 800,000 proven oz =25 shares = 1 oz proven. and that is not even talking about possible. todays ask is .15 .15 X 25 =3.75 bucks U S. XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX SO FOR 3.75 dollars U S, you get 1 oz of proven gold backing your shares. 25 shares = 1 oz XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX that is only proven, not possible, or add in ice ,or other property Standard owns. Now we have to look at Quality of deposits at 280 per fine oz. Zopilote is a low cost production deposit, maybe 200 per oz for production. Damoti is a high grade deposit, production costs were in the 225 last figure I heard. with gold at 280, there is a profit potential.