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Strategies & Market Trends : Joe Copia's daytrades/investments and thoughts -- Ignore unavailable to you. Want to Upgrade?

To: Joe Copia who wrote (2814)	5/15/1998 4:15:00 PM
From: Bucky Katt	Read Replies (1) \| Respond to of 25711

Would that be a gold miner selling way below cash on hand, Joe?

To: Joe Copia who wrote (2814)	5/15/1998 4:17:00 PM
From: Joe Copia	Read Replies (5) \| Respond to of 25711

ALERT: Do some DD on this pick for Monday. What does IKAR , The International Monetary Fund (IMF), and Tajikistan (Taj) have in common? HIGHLIGHTS: 1) IKAR is a mining company ( I hate mining companies but this one has some special things going on. More to follow) 2) The IMF is talking to IKAR Chief Executive Officer Randall Andrus in May. ( I was told the IMF contacted him) 3) Taj is expected to sign a 3 year $120,000,000 USD funding agreement with the IMF. all above is in their news releases .......... OK. Math time : Now .......... 850 rubles (Taj) = $1 US so the IMF's $120,000,000 to us may seem trivial but if the IMF was giving the equal amount to them US that $120 mil would actually be: $102,000,000,000.00 rubles. That is substantial. $102 BILLION Take into account the average Taj makes ~8500 rubles per month. The money is to be used for economic development. Now the real question here is why is IKAR talking to the IMF? Well, CEO Randall Andrus is meeting with the International Monetary Fund, plus private investment groups in Dubai, London and New York, regarding senior financing for the development of Ikar's precious and base metals concession in Tajikistan. IKAR has over 17.5 million tonnes of precious and base metals mineralization in <bTajikistan. !!!! Are you putting the above 3 highlights together yet? Let's continue; These precious and base metals mineralization are worth $2.2 billion US dollars at today's LOW prices. What I like the most is the Metals seem to be coming back and that $2.2 bil figure will increase as that group does. Now for some more Math: 3,000,000 tonnes of ore ready to mine @ 1,000,000 tonnes per annum or 3000 per day. GOLD = 285 per ounce COBALT = 25 per pound TUNGSTEN = 45 per short unit Now remember we are not using any other know mineralization (including copper, silver,etc) nor does it take into account the barch deposit (iron/coppper) That is important. These figures are very low figures so whatever you see is "toned down" so as not to hype/spam. 161.00 per gross tonne X 1,000,000 per year = 161,000,000 USD per year less mining , millling, recovery costs and payments to Taj and ALL capital cost for a net of $68,500,000.00 USD 68,500,000 / 20,000,000 shares (fully diluted) = $3.42 cash flow per year per share. SO, at 12 times cash flow stock is worth $40.00. Remember, this is only on 3.1 million tonnes (less than 5% of the concession). This is such a real deal, imo, I am accumulating. Be sure to read all the press releases !! quote.yahoo.com esp this one: biz.yahoo.com (BUSINESS WIRE)--March 6, 1998--Ikar Mineral Corp.'s (OTC BB:IKAR - news) Ikar Deposit in Tajikistan contains 17.6 million tonnes of precious and base metals mineralization worth an estimated $2.2 billion (U.S.) at today's prices. The announcement was made Friday by Ikar Chief Executive Officer Randall Andrus, who said the commercial value is based upon assay results and tonnage figures contained within a Russian report on the Ikar deposit's Ikar and Huf sites, plus the 8 km distance between these two boundary areas which the report has designated as the ''Ikar-Huf Zone.'' Andrus noted that the entire Ikar deposit represents just 5% of Ikar Mineral Corp.'s Rushan Concession, which totals 100,000 acres in southeastern Tajikistan. Joe PTG&LI !!! this is a long term investment. My estimate for end of 1999 is a minimum of $20 per share... We Shall See