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

To: russwinter who wrote (1621)	7/16/2001 9:46:02 AM
From: Stephen O	Read Replies (2) \| Respond to of 4051

Yes he can raise it, but the company has a history of operating with a small reserve and replacing it as they go. The place to find more reserves is at a mine that has already produced. The gold is there, geologically speaking, not Brex speaking. Besides they have 2.5 million ozs in resource category at all their locations and at $5 an ounce that's worth 14c per share Cdn, the price at which the stock is trading. They also have 43 million ozs of silver which at $0.25c an ounce is worth 12c per share. The operating mine valued at 3 times C/F is worth 19c a share at current gold price. Working capital is worth 4c per share, all in all a very cheap stock, limited downside and huge upside if gold goes to $350.