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

To: Stephen O who wrote (1718)	7/24/2001 10:56:20 AM
From: Claude Cormier	Read Replies (1) \| Respond to of 4051

<At 15c Cdn the shares are a bargain.> Base on my observations, I think that companies with small reserves are fairly valued at 3-4 time cash flows.. So if they make 6.5c at USD 270.. a price of $0.20-$0.25 would be more appropriate. And if gold moves to $350 by the time their hedges expired, then $0.75 would make sense if not more..assuming your numbers are good. But what if gold moves to $350 this fall...The calls would become a money losing proposition and would generate a capital loss?