Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: tyc:> who wrote (63105)	1/27/2009 12:31:30 PM
From: Claude Cormier	Read Replies (2) \| Respond to of 78416

- I presume this indicates how much money has been actually spent on each property. Exact and therefore is irrelevant. -but it raises some doubt in my mind as to whether the market price of DMM is "undervalued". It should not if you understand the company assets and try to extrapolate a little and forecast future cash flows. DMM potential is far superior to LSG on all counts, despite the fact that both companies have the same book value per share. More relevant is the absolute book value which is much lower for DMM dspite much higher potential in terms of futre cash flows. Of course, if we take into account the potential political risk, which although greatly diminished with the passing of the mining law, will still remain long term, then we are allowed to have some down some doubt.

To: tyc:> who wrote (63105)	1/27/2009 1:40:24 PM
From: marcos	Read Replies (2) \| Respond to of 78416

How useful have you found 'book value' to be over the years, as a gauge of imminent prospects ... it represents money spent, water under the bridge ... Washer has been in Ecuador for years putting this together, didn't just buy it yesterday, and from the whole history of the project he appears pretty efficient in accomplishment per buck expended .... sometimes 'goodwill' is included in 'book value', isn't it - meaningless They're political tunes Dynasty dances to, song this morning is - ... so of course dmm does a mild downtick on low volume [?!] ... folks stacked up higher on the offers to sell on the news, no doubt ... c'est la guerre Hochschild is a very bright individual, they say, so that's quite a recommendation of Lakeshore ... and it's doubled since early december lows, not doing too badly