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Gold/Mining/Energy : Cross Lake Minerals CRN -- Ignore unavailable to you. Want to Upgrade?

To: matt who wrote (2829)	5/28/1998 8:13:00 PM
From: the Chief	Read Replies (1) \| Respond to of 3650

hi Matt.You said:If you calculate Market cap (Stock priceXo/s shares) Actually its Stock Price x FD(Full dillution) not o/s (outstanding shares) You said:There is no appreciation to the asset until an economic orebody is proven or reasonably predictable. Not true. The market builds in a "premium" to an (asset) stock on the basis that they "may" hit it(greed) !! This is well before proven or "reasonably predictable". ie. CRN one hole $6.10!! No orebody had been proven nor was one resonably predictable. The asset is the property, and the stock price reflects the "perceived future value" of the asset! You said:The Sheraton Lake property has approx. $4.0 mil in expenditures Divided by o/s shares Multiply by ??? to estimate value I have never run across an explanation like this before, nor have I ever heard of this formula. If I understand right, the more you spend on exploration, even without a "find", the more the valuable the shareprice?? Using your formula if we spend $8.0mil and the multiple remains the same, the share price should double? You asked: How many companies trade at 10 times Market value? I donot understand your question! Are you asking how many companies trade at a 10 times multiple? the Chief