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Gold/Mining/Energy : A to Z Junior Mining Research Site -- Ignore unavailable to you. Want to Upgrade?

To: 4figureau who wrote (283)	6/24/2002 11:36:45 AM
From: GeoDude	Read Replies (1) \| Respond to of 5423

4F, you forgot my DD which was surprisingly close to EC's comments i.e. there is no incentive for NGX to go after SML's stuff that is , so far, only smoke (low-grade rock, NGX has plenty of that ...). On the +ve side and after comments related at SML, I noticed DSR and their Sustut property. That is a good asset and their mining plan looks like it is worth $20-30MM to them over the life of the operation at no cost (NGX takes care of the cost). Given that they don't have that many shares out (20-25MM), this justify the current price by itself. Then I found out they have other decent properties (Damoti Lake in NWT and Zopilote in Honduras) being explored at no cost and they retain a good %. In short and unless I am totally out to lunch (anyone pls point out my short-sightedness), this stock is definitely undervalued and should be worth $1-$2 and not $0.45-$0.50. Comments anyone? LIA