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Gold/Mining/Energy : KOB.TO - East Lost Hills & GSJB joint venture -- Ignore unavailable to you. Want to Upgrade?

To: Check who wrote (14718)	3/12/2001 9:19:15 AM
From: Check	Read Replies (1) \| Respond to of 15703

From PYR's release: <<Production testing of the ELH#2 well is underway and drilling operations continue on the ELH#3 exploration well and the ELH#4 development well.>> Less than overwhelming but I like the fact that they too call # 4 a "development well" rather than an 'exploration well'. biz.yahoo.com WRT the financing, this should give PYR plenty of cash to fund ELH and pursue some of their other projects a little more actively. With over 25 MM FD shares out and a FD market cap of some $ 233MM, If you assume $1.50 per share in non-ELH assets, that gives you an implied value of a little over US $1.6 billion for ELH. This translates into fully diluted per share ELH values of $5.75, $4.71 and $3.58 for ELK, HTP and KOB respectively. Time to hang out the "US INVESTORS WELCOME" sign!!! This "flies come and eat me" is doing us no good.