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Gold/Mining/Energy : Gold and Silver Mining Stocks -- Ignore unavailable to you. Want to Upgrade?

To: d:oug who wrote (704)	4/17/2001 7:26:40 AM
From: TheBusDriver	Respond to of 4051

<<is currently valued by the markets at less than 70 cents per ounce!!>> Trust me if it sounds to good to be true then it probably is. I learned this the hard way with IPMCF a close neigbhor to MAXM (in more ways than one)! Maybe with a 10 foot pole. Remember the market is usually right! wayne

To: d:oug who wrote (704)	4/17/2001 9:15:37 AM
From: russwinter	Respond to of 4051

Of course in evaluating the kind of deposits Claude is talking about, one needs to plug in variables besides just market value and enterprise value (after adjusting for cash and/or debt) per ounce. Simplified, the investor could start with anticipated cash cost (I just ignore those over 200, really 180), capex, and return. Next where is the deposit in the development cycle: just surface results, a few great discovery holes, scoping, pre-feasibility, full feasibility. Is the deposit still open and expandable. How is money being spent: JV's where majors pay, or diluting with private placements, or a cash horde? Where is the deposit? Is it in a mining district where it might serve as a feeder, or isolated. Political risk? Who might buy it? I like to see a good management pedigree if possible if an early stage prospect. Prior discoveries? There's more but that's a good start.