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Gold/Mining/Energy : Hampton Court Resources - HCR on ase -- Ignore unavailable to you. Want to Upgrade?


To: Albert V who wrote (30)2/22/1998 11:56:00 PM
From: Brian  Read Replies (1) | Respond to of 65
 
Albert, As optimistic as I am, I am wary of the fact that it is placer
gold which can be very unpredictable as to how much is actually there.
Are you familiar with how they guesstimate an area's potential??
And was there any other mine activity in the area as well??
I think Hampton's gas exploration is helping support part of the
share price as well as the gold potential. Brian



To: Albert V who wrote (30)2/23/1998 3:16:00 AM
From: T2  Read Replies (1) | Respond to of 65
 
Albert, I agree with you that 500 samples is not enough to prove their whole resource base, but I do believe that it is a very good start. Most junior mining companies start releasing news after 20, or maybe at most 30, samples taken. HCR has 500, plus the results are being verified twice. I also find it encouraging that the more holes they dig, the more lands they wish to tie up. If the gold is there, I don't think that $3 per share is excessive. Gotta figure at least $1 of that is tied to the Arkoma Project, so $2 per share or $34 million in market cap for possibly $100-$200 million worth of gold is not really excessive.

Since you have been down in the area, maybe you can verify this story I heard of some guy finding a chunk of gold in the river that was the size of a head of cabbage?