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Politics : Gold and Silver Stocks and Related Commentary -- Ignore unavailable to you. Want to Upgrade?

To: Sawdusty who wrote (2130)	1/4/2005 10:02:59 PM
From: tyc:>	Read Replies (1) \| Respond to of 18308

Who stands to gain most, the owner of the property or the optionee ? In May 2003 Lakeshore (LSG.v) optioned a property in Timmins from Holmer Gold, giving it the right to earn a 50% interest. The work program was successful, so the now 50% joint owners have merged to advance the project. (An interesting story for anyone interested in gold-mining speculation in Canada) Here's a graph that tells the story. At the beginning, LSG was trading at ~4 times HGM. At the merger, despite LSG having done all the work, its stock was deemed worth only 1.5 times HGM. stockcharts.com[w,a]dallnnay[d20030523,20050104][pb50!d50,2!i!f]&pref=G I'm long !