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Gold/Mining/Energy : Precious and Base Metal Investing -- Ignore unavailable to you. Want to Upgrade?

To: Letmebe Frank who wrote (6145)	1/8/2003 10:17:17 PM
From: Letmebe Frank	Respond to of 39344

I reviewed my Jan 6th Weekly Gold Monitor from BMO Nesbitt Burns. I was pleasantly surprised by Southernera's comparison to the gold stocks. In the BMO Gold pages – Summary Statistics as of 03-Jan-03, the Adjusted Market Capitalization (Proven and Probable)[Fully Diluted In-The-Money Market Capitalization less Fully Diluted In The Money Working Capital plus Long-Term Debt less Other Assets plus P&P Capex] 8 Sr./ Int. Gold Producers Avg. = $213 9 Junior and Emerging Junior Gold Producers Avg. = $175 Southernera = $120 And of the Adjusted Market Capitalization (Total Allowable)[Fully Diluted In-The-Money Market Capitalization less Fully Diluted In-The-Money Working Capital plus Long-Term Debt less Other Assets plus Total Allowable Capex] 8 Sr./ Int. Gold Producers Avg. = $174 9 Junior and Emerging Junior Gold Producers = $148 Southernera = $75 Also puts the NAV/share of SUF at $C 10.57 (closed under 7 today) So, anyone, how much of the difference is due to political risk in SA, or perhaps projections of the market for the future value of Gold vs. Platinum? Or maybe SUF.TO is undervalued relative to gold stocks.