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Gold/Mining/Energy : Minefinders, MFL -- Ignore unavailable to you. Want to Upgrade?

To: I_C_Deadpeople who wrote (348)	3/20/2002 1:36:25 PM
From: GeoDude	Read Replies (1) \| Respond to of 578

This is real good. They need a final feasability to prove this project (and to become more attractive as an acquisition candidate). I ran some economic models using some very basic assumptions and I came up with values for the Dolores property of: $3.30US/share NPV10% assuming 80% Au rec. and 60% Ag recovery with US150MM CAPEX (no financing charges/dilution). This is my worst case scenario. this increases substantially if CAPEX can be held down or if recovery rates improve to 75% for Ag. Of course this was with the older published grades for the field and was only based on the better 36 million tonnes of "reserves". In short: the stock has great potential and leverage. Cheers to all who may read this thread ... LIA Disclaimer: I have a few thousand shares of this stock but the above is my mathematical opinion independent of my ownership position