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

To: Bruce Robbins who wrote (9742)	3/31/2005 7:49:11 AM
From: tyc:>	Read Replies (1) \| Respond to of 18308

Re Alexis discovery and Val d'Or region generally; May I draw attention to Novicourt's Annual Information form appearing on Sedar this morning: sedar.com It provides for the first time full details of NOV's extensive exploration ventures at the end of 2004. The new and leaner Novicourt will have cash and working capital of C$36M, but today's old NOV price implies a market capitalisation for NEW NOV of ~$32M (i.e after "return of capital"). Enterprise value apparently is negative !