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Gold/Mining/Energy : Inco-Voisey Bay Nickel [ T.N.V] -- Ignore unavailable to you. Want to Upgrade?


To: Winer who wrote (257)5/24/1998 9:55:00 PM
From: teevee  Read Replies (1) | Respond to of 1615
 
Hi,
Why is this "penny stock" trading at a rediculously high price of $16.00/share? Producing resource assets are priced according to their ability to generate free cash flow. Undeveloped resources are usually discounted to zero net present value. This stock looks like a slam dunk short sell to me. Any learned comments out there?
teevee
P.S. The above should tell you what I think about "junior" resource companies.