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

To: ogi who wrote (56042)	1/27/2008 10:02:00 AM
From: loantech	Read Replies (1) \| Respond to of 78435

Thanks Ogi I have read those I like this paragraph from the August letter: <On August 31st, Catherine Gignac of Wellington West initiated coverage on Western Goldfields with a 1-year target of C$3.50. What jumped out at me was that Ms Gignac came to much the same conclusion I did about the ultimate value in the stock: I have written on at least two occasions that my fair value estimate for Western Goldfields was in the $4-$10 range, depending on where the price of gold is going; Wellington West’s Ms Gignac pegged the NPV/share at $6 using a $500 gold price, $8 using $600 gold, and almost $10 using $700 gold. In the context of recent weakness in the gold price, I take some comfort that an NPV/share of $6 is obtained even with $500 gold.> Bit it seems they may be a bit generous with their estimate? We are well over 800 POG but a long ways from 6, 8 and for sure 10 dollars a share.