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Gold/Mining/Energy : GOLDEN PHOENIX MINERALS, GPXM -- Ignore unavailable to you. Want to Upgrade?

To: loantech who wrote (257)	1/8/2002 10:12:50 AM
From: baystock	Respond to of 811

I liked RIC a lot when I bought it around 90 cents a couple of months ago. It was selling around 1 times cash flow which seemed very undervalued. In fact I kept asking myself what was wrong. The only thing I can see wrong is that their hammerdown property has reserves for only 5 years or so. So the downside risk is very low and the upside is pretty good, especially if they can provide some visibility beyond 5 years. And CC appears to think there is a chance they can extend the life of Hammerdown. Another where the risk/reward was attractive around the same time was RANGY which is also up around 20% from the nov/dec lows.

To: loantech who wrote (257)	1/8/2002 4:38:48 PM
From: Robert J Mullenbach	Respond to of 811

Here is some info on RIC, I started a thread on RIC To:Robert J Mullenbach who wrote (11) From: Claude Cormier Tuesday, Jan 8, 2002 12:30 AM View Replies (1) \| Respond to of 14 Robert, RIC doesn't attract investors like AEM does, but it is undervalued while AGE is expensive and overowned. RIC will end up 2002 with $25-$30 million in cash or so if they do not buy anything. And they will still have 4 years of $10-$15M cash flows per year... that is what I call a deal.