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Gold/Mining/Energy : Anatolia Minerals Development Ltd V.YMC.U -- Ignore unavailable to you. Want to Upgrade?

To: Bruce Robbins who wrote (335)	5/15/2002 11:02:20 AM
From: russwinter	Read Replies (1) \| Respond to of 468

I don't think it's the results (whatever they were?) that shaved 20% off the stock price, but I do think it's the most god awful written IR I've ever seen that did it.

To: Bruce Robbins who wrote (335)	5/15/2002 4:58:18 PM
From: GeoDude	Read Replies (1) \| Respond to of 468

Bruce, thanks for this link. Very interesting report. Key new findings for me: 1) oxide level about 20m below surface i.e. most (90%?) gold resources locked in sulphides 2) gold recovery from sulphides is only 10% using "cheap" methods 3) with new holes and some guesses, deposit bounded to North, East and West. Going deeper under bedcover to South. Potential reserves (my very big guess) is about 50-60 million tons mineable (p50 case) at a weighted average of 3 g/ton (or about 6 million oz). The good news is that this would be enough for a more expensive gold extraction system. No credit given to the Cu but that is only a few $/ton max. No doubt that they can find more similar stuff nearby. I now believe the company is worth much more than $1/share and I have just bought some shares in the low 90s. Any comments old friend? Am I miscalculating as usual? Cheers LIA