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

To: ralfph who wrote (1451)	6/21/2001 3:51:38 PM
From: russwinter	Read Replies (3) \| Respond to of 4051

ELD: 102.3 million out at 31 cents is US21, plus US 20.5 debt, minus 7 working cap= enterprise value of US 34 1/2. Let's just assign nominal value on San Bento, although it's not a bad mine at 175-180 cash cost producing 125,000 a year. All kidding aside it's probably worth well over current EV. The blue sky is Kisladag (6.7 million oz) and Efemcukuru (1.1) Pre-feasibility is in showing cash cost of 151 (top quartile), but a CAPEX OF ONLY 37 MILLION. That inexpensive capex on a deposit this size is not matched anywhere in the world. Or they could go with conv. milling and bigger output and spend capex of 104 million, cash costs at 138, but 266k prod. vs 103K the other way. $20 an ounce to a purchaser? $2.25 CDN a share. This takes care of much of the insider politics of Turkey: biz.yahoo.com