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

To: koan who wrote (44864)	7/14/2007 2:10:33 PM
From: jackjc	Respond to of 78408

Take the total recoverable ounces of metals times the price that banks would accept as long term metal price projections (can find this in the reports published quarterly by RBC, CIBC, USBC, etc). Then take a percentage of this based on factors and costs of the particular property. As you get through scoping, to pre-fease, to fease, these mining and capex costs become clearer, so this early valuation is just a very rough seat of the pants type thing. One thing I look for is jrs knocked down and crippled in price for other reasons, as GGC was at .70 due to the lawsuit, SPM was at .36 due to negative sentiment, CUU at 36 due to heavy flow-thru selling, and biggest of all MMG at .80 due to holders driving down the price to get a cheap PP, etc. I rarely buy any jr that is already in the limelight.