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Gold/Mining/Energy : Millstream Mines (MLSM) -- Ignore unavailable to you. Want to Upgrade?

To: RICK who wrote (654)	6/28/2000 11:11:00 AM
From: RICK	Read Replies (1) \| Respond to of 664

Last I heard was that the project was to begin around the last week in July or first week in Aug. MLSM have told several people that the project will go ahead and they will have the funding at that time. Here's the potential of this stock the way I see it, if the Pilot testing technology works. MLSM will have about 122 million worth of tailings. Subtract the 10% for the financing company that funds the project and puts up the $600,000.00 to get it started (as per press release) that leaves about 110 million in assets. Subtract about another 20 million for operations and startup and that will leave about 90 million dollars in assets. Divide that between the 26 million outstanding shares and you will end up with about $3.40 a share. With the share price at .13 right now this could be one of the largest speculative plays in the market place right now. Just remember, that this is just for the tailings, it does not include what is still in the ground on MLSM properties and also the technology itself and how it will be used for other JV's (at a cost). You can multiply the $3.40 a share by 5 to 6 times at least. Once the pilot testings starts, MLSM will know in about 7 to 8 weeks after that if the technology is successful. So, on the average we have about 3 months from today before we know the exact potential of this play. If you take a $5,000 investment that will get you about 38,000 shares at today's prices. If the technology works like MLSM believes it will, just based on the tailings your $5,000 investment has become worth about $114,000. On the other hand if the technology does not work, then the share price will drop to about .10 cents where it was before this new project came to life. You will lose about $1,000 of your $5,000 investment. So, for the sake of losing $1,000 dollars, you could take the risk and end up with $114,000 for the tailings portion only!!!. I am not spamming this play, this is all fact. Check out the press releases, the numbers are there. Just remember, do your own DD, talk to the company, talk to others. It will be a long 3 months, but will it be worth it? RICK