Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : The New Western Desert-Dirt Gold Rush -- Ignore unavailable to you. Want to Upgrade?

To: Alan Vennix who wrote (334)	2/7/1999 10:02:00 PM
From: Alan Vennix	Read Replies (1) \| Respond to of 343

DESERT DIRT INDEX VALUES AS OF FEB 5, 1999: NOTE 1: For the year 1998, index values were down between 85 and 95%, meaning that the initial $1000 investment would have decreased in value to $50 to $150, depending on the specific indice. This assumes zero value for IPMCF since it was not freely trading at year end. NOTE 2: For 1999, MGAU has been substituted for IPMCF and the indices will be calculated assuming the investment of $1000 using the Dec 31, 1998 closing values for the five stocks in the index - CHIP, GPGI, MGAU, MXAM, and NAXOF. NOTE 3: For the year of 1999 through Feb 5, MGAU's stock price is up by 204%, NAXOF is up 59%, CHIP is + 40%, MXAM is + 13% and GPGI is -5%. A basket of the five stocks is up 60-90% on the year, depending on the particular indice. See the notes below for a definition of the three indices. (Keep in mind, of course, the disastrous year 1998 and that this assumes a fresh investment on Jan 1, 1999 without accounting for the 1998 losses.) NOTE 4: DD NEWS - NAXOS reported the results of 4 assays of samples from their California Franklin Lake property that averaged 0.24 oz AU/T and that a pilot plant was being reconfigured to test the recovery process with test runs planned for February and an expectation that the plant would be operational in March. MG GOLD issued a series of PR's announcing testing of an assay/recovery procedure from Johnson/Lett at their 3 Arizona properties; results of assays of drill hole samples from their Sticklizard property (nearby to the IPM Black Rock property) averaged 0.47 oz AU/T, two recovery tests of material from the Sinagua Cinder Cone yielded positive results with a 500 lb sample showing a recovery of 0.56 oz AU/T, and tests on drill samples from Martin's Peak (the zone underlying the marble quarry) averaging in excess of 0.4 oz AU/T. LS CAPITAL reported encouraging results from their Montana property (not a Desert Dirt property) and said they were evaluating potential recovery methods. DATE__________”DDI-CAP”________”DDI-SHR”_________”DDI-DOL” FEB 5____________1727______________1901________________1625 JAN 30___________1712______________1758________________1440 JAN 23___________1369______________1489________________1375 JAN 16___________1147______________1169________________1107 JAN 8 ___________1046______________1052________________1035 DEC 31___________1000______________1000________________1000 NOTE: For the year 1998, the indices were down by 85-95%. These indices were based on a basket of stocks purchased Jan 1, 1997 on the same basis as described below. BACKGROUND Market Indices for the basket of 5 “Desert Dirts” have been calculated for three different investments. (1) MARKET CAPITALIZATION (DDI-CAP) - Assumes $1000 invested in the 5 stocks on the basis of the proportionate value of the market capitalization of the stocks as of 12/31/98. (2) EQUAL SHARE AMOUNTS (DDI-SHR) - Asssumes $1000 invested by buying equal number of shares in the 5 stocks based on their 12/31/98 closing prices. (3) EQUAL DOLLAR AMOUNTS (DDI-DOL) - Assumes $1000 invested by buying equal dollar amounts of the 5 stocks at their 12/31/98 closing prices. Initial values for the three investments were calculated as follows, using estimated shares outstanding as of Dec 31, 1998: STOCK_________CHIP______GPGI_______MGAU_____MXAM______NAXOF MM SHARES ______20 ________30__________20_________55___________35 12/31 PRICE_______0.041______0.22_________0.39_______0.075________0.51 “CAP” SHARES____538_______807_________538________1479_________941 “SHR” SHARES____809_______809_________809________809__________809 “DOL” SHARES____4878______909_________513________2667_________392 With these share amounts, index values were calculated as above.