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Gold/Mining/Energy : New Claymore Resources -- Ignore unavailable to you. Want to Upgrade?

To: FRANK KENDRICK who wrote (359)	10/27/1998 12:03:00 AM
From: Just Wayne	Read Replies (3) \| Respond to of 531

My 2 bits worth: I think the cash per share is closer to 30¢ per fully diluted share than 50¢ (based on the Finical Statements, $1.427 million cash at year end) but still pretty respectable, as is the basic earnings figure of about 13¢ per share last year. How many junior exploration companies can report their stock trading at 5 times earnings? It would be my guess (and only a guess) that NCS is waiting for Troymin and partner to do the work on their property NW of the Ashton pipes before Claymore sinks any money into the Figaro. If Troymin hits, others will trip over themselves to get a piece of the Figaro. Till then Claymore has it's plate full with the other 25 properties that are joint ventured out. Good luck to you all, Wayne