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Gold/Mining/Energy : Zappa Resources ZPA vancouver -- Ignore unavailable to you. Want to Upgrade?

To: morrie who wrote (227)	1/21/1998 11:19:00 PM
From: dean poets	Read Replies (1) \| Respond to of 3198

Hey Morrie I was able to get my hands on a photo copied map. It looks like Zappa owns most of the property to the south of this rich lense. The area Zappa owns south of the property is about 14 km x 3.5 km. There are several new concessions identified on the map of which I did not previously know existed. Dean

To: morrie who wrote (227)	1/22/1998 7:43:00 PM
From: dean poets	Read Replies (2) \| Respond to of 3198

Hi guys I just thought I'd post some positive information showing Zappa's VALUE! Suppose we only found 2 million tons of ore on Laplata, with an average NSR of $100.00. 2,000,000 tons times $100 = $200 million. Then subtract 40 million approx cost for mill and tunnel etc. This would give roughly 160 million profit potential. Zappa still has 49% interest, equaling $78.4 million. If we had a 10 year mine life, we'd be averaging 600 tons/day. IF the mill operates 345 days/year, it would be 345 days * 600tons/day * $100 NSR = 20.7 million. Zappa's cash flow would be 10.3 million, and most mining companies trade at least 10 times cash flow. So if Zappa traded at $100 milion market cap we'd be a $4.00 stock. My methods might look kind of crude, but I think they make my point. I also think Cambior would have walked away if it was only 2 million tons! Dean