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 : MINE vs IKAR -- Ignore unavailable to you. Want to Upgrade?

To: Alan Markoff who wrote (48)	4/28/1998 12:23:00 AM
From: Money Maker (MM)	Read Replies (1) \| Respond to of 94

Alan, you always mention about 90M shares. Have you checked my explanation about it? Message 3964994 I quote its part: I tried to compare this company with others. Just said, ABX. It's closed at $22 1/2 on Friday (please, check the current price at quote.yahoo.com ). How many shares ABX has? 373 millions !!! biz.yahoo.com How about its gold reserves? Only 51 millions oz and with production cost at $193/oz. You don't have to believe me, just click: barrick.com I try to calculate how much gold reserves per share has. 51,000,000/373,000,000 = 0.13673 oz per share (compare it 0.683/oz MINE share has) The net value is equal to: ($310.3 - $193) x 0.13673 = $ 16.04. ABX Friday close price at $22 1/2. Compare to MINE, we have $95.82 value per share...:) All of the above is my opinion based on my own research. You have to do your own research before making any decisions. I hope this old explanation will open your mind. MINE's problem is not the amount of its shares but how much gold reserves MINE has. Good luck. MM