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Gold/Mining/Energy : Central Asia Goldfields M.CGZ -- Ignore unavailable to you. Want to Upgrade?

To: lama who wrote (10)	1/22/1997 11:47:00 PM
From: Bohdan	Respond to of 458

To All, Just bought some CGZ today mainly because it looked so oversold. Now that I have a better idea what I've bought I think we're all going to be pretty happy campers. BTW I also own KRT and just participated in their PP. Couldn't wait for the stock to start trading and at $1.25 for 1 share + 1 warrant, I think I'll do well. $50/oz. is sort of the standard for measuring reserves in the ground. All the best.

To: lama who wrote (10)	1/25/1997 2:31:00 PM
From: Aleveez	Respond to of 458

Where did you find out there are an estimated 7 million ounces of gold available? Thanks

To: lama who wrote (10)	1/26/1997 1:28:00 AM
From: Bohdan	Respond to of 458

To put a more realistic number on this; They have 18.3m shares + warrants. They have between 50 and 70 % interest in the properties. If we use $50/oz that comes to $13.40/share if you use the 70%. Still not too shabby !!!.

To: lama who wrote (10)	3/9/1997 11:09:00 AM
From: hugh thorne	Respond to of 458

lama, i did same hack calculations and can't figure this out. Either the reserve estimates are out to lunch or this stock is significantly undervalued?