Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : GEOMAQUE -- Ignore unavailable to you. Want to Upgrade?

To: russwinter who wrote (180)	6/1/2000 12:45:00 PM
From: ogi	Read Replies (1) \| Respond to of 260

Russ; They have about 740,00 ozs inferred there and I think it reasonable to assume they will expand the resource in the coming years.Any additional resource would have to be pretty spectacular to greatly impact the stock price and odds are that won't happen. I was and am playing this as a turnaround but I am not really an investor in ongoing mining companies. Mining is a nasty business fraught with difficulties, mostly unforeseen. I find exploration stocks much more interesting and when GEO does climb out of the gutter I will no doubt move on elsewhere. They do state their desire to grow through acquisition and this may or may not add value but does echo your sentiment of consolidating smaller companies into ones with greater critical mass. I did recently purchase Goldfields of South Africa, GOLD on NASDAQ, a small amount for my RRSP but again that is a turnaround play on the price of gold, although they are currently profitable and unhedged and depending on the future market I may or may not keep it for the long haul. So I am sorry, I haven't done projections of cash flow for Geo and that sort of analysis and can't say with any certainty what they would be. I am playing the odds that they can meet the numbers in the feasibility studies and that if they do the stock will rise. If p.o.g. also rises then of course Geo will rise exponentially. I may have sold SJD Russ but I wish I had sold a lot of others as well. Best of luck to you on that one! Cheers, Ogi

To: russwinter who wrote (180)	6/1/2000 3:17:00 PM
From: Claude Cormier	Respond to of 260

<< What's your assessment of the value added discovery potential at the new project?>> Vueltas del Rio has in excess of 900K ounces in geological resources. And more can be discovered. However, there some base metals zones that have been put on the back burner. For sure there is potential, how much is uncertain. With gold at $325, more ounces will come in the proven and probable category. I think the way to look at this is from a cash flow point of view VS current market cap. Asumning gold $275. Cash flow form Vuletas, if all goes right, will be $C8-9 ($0.17/share) for the next 7 years or so. Cash flow from San Francisco could be enough to pay back all debts in the next 14 months. But as we know, things can go wrong.