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Microcap & Penny Stocks : IDCN - gold, garnet, etc. -- Ignore unavailable to you. Want to Upgrade?

To: Sojourner Smith who wrote (3059)	10/1/1998 5:45:00 PM
From: Gordon Gekko	Read Replies (1) \| Respond to of 5908

I don't think we will have to wait a year. Here is why. This is an excerpt from a prior message. "Our book value from any gold would be about $11.50 per share per million ounces of gold. These are inferred assets, possible and probable reserves. Further testing must be done so we may officially quantify the property and carry the inferred assets on the books." The key point in this message is inferred assets. The TUNS report will enable them to carry those inferred assets on the books. This will give them an instant book value. However, this does not mean that IDCN will trade at that book value. The book value will represent what the company is worth when all the minerals are mined and available for sale. It will trade at some discount to that value. Probably around 50%. October could be very interesting. GG