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Gold/Mining/Energy : Sprott Resource Corp (SCP.TO) -- Ignore unavailable to you. Want to Upgrade?

To: Amark$p who wrote (25)	1/26/2010 11:37:08 PM
From: Claude Cormier	Respond to of 247

\|\| ...wish SCP would invest more in farmland... Well their strategic plan is as follows: 2009: 12600 acres 2010: 100,000-125,000 acres Longer term: over 1,000,000 acres (currently negotiating on 1.7M acres to pick up the best land)

To: Amark$p who wrote (25)	1/28/2010 1:55:31 PM
From: Claude Cormier	1 Recommendation Read Replies (2) \| Respond to of 247

Orions' net asset value confirmed: "The company's proved-plus-probable net present value, before tax and discounted at 10 per cent, is $332.9-million. The company's proved-plus-probable-plus-possible net present value, before tax and discounted at 10 per cent, is $459.4-million." Using P&P reserves, the NAV is $1.14 Using P&P plus possible, the NAV is $1.58 SCP holding is worth between $252 million ($2.54 per sh) and $349 million ($3.52 per sh). Pre-tax.