Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Global Platinum & Gold (GPGI) -- Ignore unavailable to you. Want to Upgrade?

To: Jeff Williams who wrote (6693)	7/14/1998 9:19:00 PM
From: Scott Wheeler	Read Replies (2) \| Respond to of 14226

Jeff, my IEI (Irrational Exhuberance Index) is probably higher than yours, <G>...so my calcs go like this: 50 tons/day [this fall?] would be five times 10 tons, so $125K x 5 x 12 months x .9 RFF (reverse fudge factor) is about $8MM divided by 22MM sh.is about 35 cents/sh x a PE of 40:1 (instead of your 20:1), yields a stock price of $14. However, I'm led to understand that PEs may not be as relevant in this platinum-extraction scenario as are proven reserves, and valuations could go much, much higher. And then throw in the fact that it's Pt we're selling here (and not used laptops) plus the happy thought of South Africans or local majors potentially pondering either JVs or outright acquisitions [and of course would not just be buying a going concern, but also those proven reserves], well, you get the idea!!