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Gold/Mining/Energy : The New Western Desert-Dirt Gold Rush -- Ignore unavailable to you. Want to Upgrade?

To: Grant Baker who wrote (320)	1/31/1998 11:20:00 PM
From: Alan Vennix	Read Replies (1) \| Respond to of 343

Good suggestion, Grant. See the note following the Dec 31 numbers. ========================================== DESERT DIRT INDEX VALUES AS OF JAN 30, 1998: NOTE: The only PR appearing this past week was by MXAM , where they announced gold and silver results by Ledoux on MXAM's Peoria properties. Gold assay numbers were in the range of 0.19 oz/ton, in approximate agreement with previous samples by other labs. Additional COC sampling has been done on Peoria South with split samples sent to 3 labs; results are expected within the next 90 days. For the year of 1998 through Jan 30, IPMCF is up 22%, MXAM is +0%, NAXOF is -12%, GPGI is -20%, and CHIP is -29%. A basket of the five stocks is down 8-10%, depending on the particular indice. DATE__________"DDI-CAP"________"DDI-SHR"_________"DDI-DOL" JAN 30____________903_______________903_________________923 JAN 23____________918_______________916_________________966 JAN 16___________1028______________1015________________1030 JAN 9 ____________912_______________924_________________966 DEC 31___________1000______________1000________________1000 NOTE: For the year 1997, the "CAP" index was up 9.5%, the "SHR" index was down 6.8%, and the "DOL" index was up 19.3%. These indices were based on a basket of stocks purchased Jan 1, 1997 on the same basis as described below. BACKGROUND Market Indices for the basket of 5 "Desert Dirts" have been calculated for three different investments. (1) MARKET CAPITALIZATION (DDI-CAP) - Assumes $1000 invested in the 5 stocks on the basis of the proportionate value of the market capitalization of the stocks as of 12/31/97. (2) EQUAL SHARE AMOUNTS (DDI-SHR) - Asssumes $1000 invested by buying equal number of shares in the 5 stocks based on their 12/31/97 closing prices. (3) EQUAL DOLLAR AMOUNTS (DDI-DOL) - Assumes $1000 invested by buying equal dollar amounts of the 5 stocks at their 12/31/97 closing prices. Initial values for the three investments were calculated as follows, using estimated shares outstanding as of Dec 31, 1997: STOCK__________CHIP______GPGI______IPMCF_____MXAM______NAXOF MM SHARES ______12.2________21__________21_________45___________34 12/31 PRICE_______0.56_______1.88_________1.28_______0.38_________6.25 "CAP" SHARES____40.3_______69.4_________69.4_______148.8_______112.4 "SHR" SHARES____96.7_______96.7_________96.7________96.7________96.7 "DOL" SHARES____357________107_________156_________533_________32 With these share amounts, index values were calculated as above.