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Gold/Mining/Energy : Maracote International Resources (VSE: MCE) -- Ignore unavailable to you. Want to Upgrade?


To: Bob Fairchild who wrote (101)1/7/1999 3:36:00 PM
From: chevalier  Read Replies (1) | Respond to of 339
 
I've picked up a little Ulysses, URI today. While its not the superior company that MCE, they do have 20% of the Halley property to their credit. Considering that MCE will have 65% then URI should trade at 30% of the price of MCE. Discount this as URI does not have any cash, (something that I suspect that will not be a problem should the property prove up substantial ounces) give them a price which is 25%of MCE and they should be trading at $0.21 or so. With all the McDermid buying happening in URI I suspect that I am not alone in my thought process.