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Gold/Mining/Energy : Int'l Wayside Gold Mines Ltd (IWA-VSE) -- Ignore unavailable to you. Want to Upgrade?

To: Dan P who wrote (677)	4/6/2000 11:39:00 AM
From: bully	Respond to of 1321

Dan........ I agree 3000 TPD wouldn't be too shabby but being an underground operation Gold would have to be $ 400.00 + to make it viable. The potential new discovery could favorably alter the entire situation! "BULLY"!

To: Dan P who wrote (677)	4/6/2000 12:02:00 PM
From: Roman de Guzman	Read Replies (1) \| Respond to of 1321

With gold production of 100,000 ounces annually, at $100 per ounce net, we are looking at $10,000,000 net profit or about $0.30 per share with 33,000,000 shares fully diluted. Therefore, its P/E would be at current $1.90, is 6.3. Gold stocks have an average ratio of 30. To obtain the number 30, the price should be at $9.00 assuming price of gold is steady at $280. This of course is just my own estimate, feasiblity study has not been done yet. Also, my estimate was in US dollars. I know some longs of IWA are smiling right now. ************************************************************ By the way, and pardon me, I do not enjoy reading posts about politics in the Caribou or anywhere. This is an investment forum and should not be mixed with politics or religion. Thanks.