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Strategies & Market Trends : Winter in the Great White North -- Ignore unavailable to you. Want to Upgrade?

To: marcos who wrote (2544)	7/9/2002 5:29:42 AM
From: tyc:>	Read Replies (1) \| Respond to of 8273

>>difficulty is defining precisely what is the fair value Thanks for your comments Marcos. The valuation method recommended by Lassonde in the article, says a fair value for the stock, is its Net Asset value PLUS its option value, and tells you how to calculate both. This stock seems to be trading way below its NAV, so calculation of its option value is rather superfluous. I am not suggesting that Mr market will see the error of his ways and re-value it soon, (although success at North Kemess would surely make this probable). I AM saying Mr Market's apparent errors are what I look for in my stock selections (like Buffett).... I find it easy to live with them without concern about his reasoning... I will say this; warrants give hedge funds the power to short stock (perhaps ANY gold stock) with very much reduced risk. Why else would the warrants be so pricey, and the common so cheap ? It doesn't matter though. (Of course, perhaps Mr Market is smarter than I am, so the usual caveats apply) Heading across country by car later this week arriving Vancouver early August.