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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?

To: jpthoma1 who wrote (6605)	2/15/2006 2:09:03 PM
From: Claude Cormier	Read Replies (3) \| Respond to of 78416

JP, PAT has market cap of $28M and 45% of Pat Island. No cash let say ;ittle cash. RIC has market cap of $88M and 55% of Pat Island. $20M in the bank. So market cap net of cash is $68M or so. PAT certainly is more leveraged on Pat Island alone than RIC. But RIC has also East Amphi, Beaufor and the mill.. as well as Valentine Lake. PAT will produce: 30,000 oz. RIC will produce: 36000+25000+25000 = 86,000 ounces or so with Valentine Lake showing excellent potential to add to production. If PAT was the better buy when it was $0.45 and RIC $5.00, now that PAT is $0.90 and RIC $4.00. I think RIC looks better.