Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Natural Resource Stocks -- Ignore unavailable to you. Want to Upgrade?

To: gold$10k who wrote (3704)	11/20/2003 11:45:46 PM
From: crustyoldprospector	Respond to of 108614

" I couldn't find anything I wanted to either add or sell." I want to sell everything, but no one wants to give me the prices I'm asking ... yet. <gg> Newmont drilling off 600 holes at MDW's main property now. If the resource calculation comes in at the "minimum threshold" of 3 MM oz, the 30% MDW owns would be worth $36MM if you assume a value of US$40/oz in the ground. With 17 MM shares out, that is a US$2+ value, with another excellent prospect (Spring Valley) in the works. IMO all the numbers above will prove conservative, but we should probably know within 6 months. At US$1.13 today, smell a 3-5 bagger here within 12 months. FWIW, crusty