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Gold/Mining/Energy : Caussa Capital (formerly Antares) T.CAU -- Ignore unavailable to you. Want to Upgrade?

To: john who wrote (3522)	6/18/1998 9:27:00 AM
From: bill718	Read Replies (1) \| Respond to of 4718

Actually, I think they have UNDER-valued Ojolali if we assume that the Indo political climate continues to improve and we get a COW in time. Consider this: Lets assume we only profit $1/oz. Ag and $100/oz. Au. These values I consider to be worst case based on low market prices AND LOW production costs (because it is near the surface, good infrastructure, etc.). 340,702 oz. Au * $100/oz. = $34,070,200 34,690,944 oz. Ag * $1/oz. = $34,690,944 Total = $68,761,144 * .765 (our percentage) = $52,602,275 This value divided by fully diluted no. of shares of 38,293,870 = $1.37 US! *********