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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: jim_p who wrote (8436)	3/29/2002 10:29:00 AM
From: Crossy	Respond to of 206184

Jim & all, re: PGO thx alot for sharing this one. I was able to get into this under $5. My TA "machine" says $8-10 possible maybe $8 shortterm. PSR of 0.50 for their seismic/oilservice operations alone is really not a high valuation.. How high do you see it go ? rgrds CROSSY

To: jim_p who wrote (8436)	3/29/2002 10:35:32 AM
From: Crossy	Read Replies (1) \| Respond to of 206184

Jim, re: VPI etc.. you metion VPI and KEG as undervalued. Lacking your experience in oil-patch related issues, I'd like to ask you how you arrive at your inference ? My gut tells me to look for more leading indicators instead of lagging ones. So I choose not to use current PE formulae in any event on investing. Sales are usually a better indicator of things to come. But for resource related stocks even revenues are managable (at the discretion of management within a range how much to mine, extract etc.). So I'd go for reserves. Like divide the BCFE by Marketcap and subtract the debt. VPI stands out if you do this. Was this the algorithm that attracted you to VPI ? I guess drilling leads to future reserves. But how does one determine how many still untapped opportunities an exploration firm has given its current property ? This kind of soft data is very often not mentioned in any documentation. Maybe one could use drilling success data from the same firm in the past (even better in similar situations like same depth or same "type" of drilling). These kind of calcs get more onerous for an investor the bigger the size of a firm and the bigger the properties still untapped. Is this the approach you would use ?? rgrds CROSSY