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

To: Enigma who wrote (926)	1/4/2001 10:22:13 AM
From: russwinter	Respond to of 992

I think overall the odds may be getting much better (than 1 of 100)for a find in today's market. Capital is constrained so there is less competition for good projects and the surviving juniors have a better chance to cut deals on the best situations. There is more inexpensive toiling geological talent out there and with a few notable exceptions (PFG) less promotion. In fact among the pure grassroots plays the market has put virtually no value on the prospects. Here are some typical enterprise values in US(after subtracting working cap) for promising prospects: NDE: 750K Intrepid: 1 million Radius: 1 1/2 million if ABX exercises warrants IMA: 2 million Nevada Pacific: 750K Anatolia: 1 1/2 million Solitario: 5 1/2 million and they are loaded including PGE's Annaraq: 4 million Although these are clearly speculations not T-Bills, we are not exactly betting on the come at these valuation levels. And of course there are the advanced stage projects where PM's have already been found and that have potential for additional ounces and new project discoveries: FGX, BAY, MFL, BGI, GBG, MOY, CBD to name some. All typically valued at a few dollars an ounce for their reserves.

To: Enigma who wrote (926)	1/4/2001 11:40:46 AM
From: russet	Read Replies (1) \| Respond to of 992

<<<I want to hear if you invested based on Lizzie's recommendation on that one precious time - 1 out of 100 I mean.>>> PDL.t,...I was playing with SUF.t, IDO.v, PFN.v and a few other puppies exploring for Pd and Pt metals. After attending a couple of mining seminars given by PDL on the Lac des Iles project at the PDAC last year in March, I came away with ambivalent feelings on PDL, and a few weeks after that convention the stock chart formed a double bottom for the year going under $6.00. Lizzie had a different outlook on the stock and its spec cycle, and held an opinion that new resource would be found in the high grade zones and that the market was missing a lot of hidden value in PDL. Her opinion was right ;-))) More than us seasoned crusty old buggers look at these threads. A lot (I almost did too) swallowed the PFG line because of managements past successes, the amazing website, and the noise volume of proponents suggested they were too good to fail. Lizzie, charred, teevee, Claude and others had concerns about that play and shared their experience with us only to be shouted down by people who should have listened a little closer. No play is too big to fail for so many reasons. The deck is loaded against them with so many risks to consider, including often unconsidered ones such as political, social, environmental, financial, market, and country risks. Contributions by the above, and you too, have helped many to learn more about the mining game. We all show up on the same threads and share our DD. We all butt heads at times, but I think the respect for each other runs deep too. I hope we all share a happy, healthy and prosperous New Year :-)))