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

To: marcos who wrote (63089)	1/26/2009 2:14:58 PM
From: tyc:>	Read Replies (2) \| Respond to of 78416

>>"...and dmm is so hugely undervalued" Well I agree. I wouldn't be surprised if its market cap is lower than LSG's even though its resources may be higher. Perhaps if I was as familiar with Central America as you are I might feel differently. But LSG is my DMM in Canada. As per my profile, I feel better about les mines Canadiens LSG's market cap reflects market financings at prices higher than current prices, I believe. Since Holmer days, the money has been spent on successful drilling and development in Timmins... so I hope its reasonable to believe that it has been money well spent. If so the higher market cap is vindicated.

To: marcos who wrote (63089)	1/26/2009 8:40:12 PM
From: loantech	Read Replies (1) \| Respond to of 78416

<ric.to - added a few Richmont ... into margin now but i think Suncor will hold 15 or better -g-> Ah so your buy jinxed RIC today eh? <G>

To: marcos who wrote (63089)	1/27/2009 12:03:54 PM
From: tyc:>	Read Replies (2) \| Respond to of 78416

Looking further at DMM, there is one aspect in which DMM is not "undervalued", and that is in the relationship between the book value(s) and the market price. Both DMM and LSG have about the same total book value of ~$1.40 per share. However there is a wide disparity between the book values ascribed to Zaruma and that ascribed to Timmins West. I presume this indicates how much money has been actually spent on each property, but it raises some doubt in my mind as to whether the market price of DMM is "undervalued".

To: marcos who wrote (63089)	1/27/2009 5:16:50 PM
From: Tommaso	Read Replies (1) \| Respond to of 78416

What's wrong with New Gold? It's my biggest holding by far and it's up 75% for me. Moves right on up as gold moves--on average about a penny for every dollar in the price of gold.