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Gold/Mining/Energy : Queenstake Resources (QTR.T) -- Ignore unavailable to you. Want to Upgrade?

To: Robert Dirks who wrote (1661)	1/5/1999 11:11:00 AM
From: Claude Cormier	Read Replies (1) \| Respond to of 2249

Robert, It is always hard to find the true value of a stock. But in the end, grassroots properties have very little value until at least one economic hole is drilled or some very good trench results are revealed. That is why there is rarely a large lump sum payment when seniors get into JV's with junior, but only an agreement (not an obligation) to spend on exploration to obtain their interest... IOW, you can expect companies that have no resources to have their stock prices trending toward the cash value of the company. Especially in the current environment, you will find companies trading for less than cash. The premium granted by the markets on these grassroots properties is pure speculation. As such, it is highly volatile and depends on the humor of the participants. When promotion goes on at the start of a drill program, the premium rises, sometime to a level that is already discounting a major discovery. Still, the value of the company remains where it was. The best way to realize if one specific company represent value, is to compare its market caps to other companies that are in different situations. This being said, I see nothing wrong with the volatility and price trend of QTR stock. And of course, the trend could change on any good news. CC