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Gold/Mining/Energy : Dakota Mining DKT -- Ignore unavailable to you. Want to Upgrade?

To: Jaunatxo who wrote (46)	5/14/1998 10:20:00 PM
From: bob k	Respond to of 141

Correction- The new fincance guy is John Ashland. I hope I got it right this time. Seasonal operations do not forge Nov. through March. Dkt did in Alaska using tents, and produced approx. 2,000 +/- oz per week there. The water probem was circumvented utilizing a piping system from a nearby water source. Very imaginative. That's one of the reasons why they will be a winner IMHO When POG is in a confirmed bull market, I expect this stock will have nice earnings surprises. There will be a time when the price of gold will rise beyond our expectations and lots of gold mining stocks will be trading at 50 times earnings multiples and the mining stock prices will knock your socks off. Dakota Mining has this capability, and the CEO knows it!!!!!! P.S. That 50 times multiple was quoted by Peter Lynch in Worth Magazine and is a matter of FACT historically. If anyone should have contrary or new information, please post it here. bye bye

To: Jaunatxo who wrote (46)	5/14/1998 10:41:00 PM
From: bob k	Respond to of 141

I have another thought that I should share. Dakota mining could pay off their debt right NOW if they desired with the 52,000 oz they have in inventory. They are choosing not to because they anticipate much higher gold prices in the very near future, and will now borrow against that asset and "HOLD THE GOLD". A twist to forward sales...... Nice gambit if correct! If I'm correct, due to their continued winter operation. I believe they have much more gold than I think. Another gamble would be to borrow against that extra gold until we get to 340 - 350 per oz to capture the extra 15% from todays prices. Of course the POG rise must be expected very soon. Is this gold mining or chess?