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 : ECM.VSE - El Callao Mining. -- Ignore unavailable to you. Want to Upgrade?

To: CanStocks who wrote (1050)	11/21/1997 7:01:00 AM
From: E. Charters	Read Replies (1) \| Respond to of 1253

ECM shares out: 40 million of which Bema owns 14.6 mill. or 37%. They also have a 2% NSR in the deposit. The earn in is only to 70%. This makes ECM and effective subsidiary of BMO. Still ECM could be valued at $2.39 CDN traditionally. However when you subtract the financing costs and subsequent dilution which would be favourable to BMO you could lop off a fair amount. So ECM shares would not top 1.50 in a respectable market. There are other chances in VZ so if gold comes back so should their share price to an extent. As subsidiaries with lots of ounces go they have done not much better than Pentland Firth, East Africa Gold and Birim. echarter@vianet.on.ca