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Gold/Mining/Energy : Precious and Base Metal Investing -- Ignore unavailable to you. Want to Upgrade?

To: marynell who wrote (2034)	2/28/2002 10:57:27 AM
From: russwinter	Respond to of 39344

EV is the value after net working capital (plus debt) is subtracted (added) from market cap. For market cap I use all shares plus in the money warrants and options. I will make a mental note if warrants are close above (example GNG wts at 75). I then add in proceeds of those warrants and options to the cash balance. Example: MNP (most recent quarterly is July, 2001, but doubt if much change as company is inactive). 45.7 million shares out @ 10= 4.57 CDN X 622= US$ 2.85 MC minus 1.35 US net WC= US$ 1.5 million EV Wts and options are way out of the money. Let 'em exercise those as it would probably bring EV down to zero. sedar.com