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 : SOUTH AFRICAN MINING -- Ignore unavailable to you. Want to Upgrade?

To: POLARBEAR who wrote (205)	9/19/1998 9:57:00 AM
From: EZbeliever	Read Replies (1) \| Respond to of 472

Polarbear...Can't read the chart on reply 205. Lack of definition.

To: POLARBEAR who wrote (205)	9/19/1998 11:46:00 PM
From: baystock	Respond to of 472

PB, that is a good spreadsheet you came up with. Here is some more food for thought regarding the leverage that is present in RANGY. Assuming that over the next couple of years the POG recovers back to $350/oz range and as a result their various mining assets double in value between now and 2001 when the $48 million bond debt is due. Using the numbers from the low case: RANGY's total asset value => $45.5 million Add back the debt => $54 million Add in value of 11m shares RR=>$55 million Total asset value => $154.5 million Now looking 2 years ahead when POG is $350+/oz: Total asset value => $309 million (ie. 2x increase) Subtract the debt => - $ 54 million Net asset value => $255 million Assuming there will be around 50 million shares that works out to $5 per share. At the current price of 63 cents, RANGY's risk/reward potential IMO is 1 to 10. Ram