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


To: russwinter who wrote (935)1/4/2001 11:20:22 PM
From: charred  Read Replies (1) | Respond to of 992
 
It is an expensive deal. No doubt. "like Minefinders four and half million ounces ($145 cash cost) at two bucks (ten million mkt cap, EV) an ounce already proven up. A lot cheaper", or buy FGX or buy BAY. Lots of ifs.

If a major buys out NDE they will take off $7 per ounce of the purchase price.



To: russwinter who wrote (935)1/4/2001 11:20:49 PM
From: Enigma  Respond to of 992
 
The deal can be assigned to a third party - read major.



To: russwinter who wrote (935)1/5/2001 12:15:50 AM
From: Elizabeth Andrews  Read Replies (1) | Respond to of 992
 
I have to read this. They have to spend to prove the resource then they have to buy what they found. Cool deal!